Most cryptocurrency enthusiasts have shown an interest in this form of money because of its global appeal. It is the only form of money which can reliably be sent across the world without having to deal with currency conversions or country borders. Argentina’s Banco Masventas has acknowledged this, as the institution now relies on Bitcoin to settle cross-border transactions. Bitcoin and Banking can Work Together There is a good reason why banks have opposed Bitcoin for many years. This form of money is capable of doing something that’s currently impossible to do using the traditional banking system. More specifically, Bitcoin and similar currencies are capable
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Bitcoin has lost over $600 in just one night. The currency is now trading for just over $7,600 – the lowest it’s been in about 35 days. This marks a serious drop over the last two weeks. Just two weekends ago, the currency was trading for about $9,800 – the highest it had been in four weeks. As bitcoin was expected to spike to $10,000, many traders and investors alike sat with bated breath, hoping the currency would once again strike five figures and prove to the world it was not a fluke, and that its behavior during December of
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A small bank from Argentina, Banco Masventas, announced this week that it’s allowing customers to make settlements using BTC as a payment rail. Argentina Banco Masventas says the firm partnered with the exchange Bitex, and believes the service will reduce costs associated with international transfers. Also Read: Tim Draper Advises Argentina’s President to Invest in Bitcoin […]
The post Bank in Argentina Launches BTC Settlement Services appeared first on Bitcoin News.
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