Bitso exchange launches QR payment service for tourists in Argentina

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Cryptocurrency exchange Bitso is launching a QR payment service that will allow tourists arriving in Argentina to pay for goods and services with cryptocurrencies without resorting to the services of third-party exchangers.

Santiago Alvarado, Senior Vice President of Products at Bitso, said that most restaurants, supermarkets and shops in the country are ready to accept payment for their goods and services through QR payments and have entered into an agreement with the exchange.

"By offering this product to foreigners visiting Argentina, we are helping them make the most of their money and time, avoiding exchanging cash for local currency, and make contactless crypto payments in seconds directly from their phones," Alvarado said.

He explained that this will not only help to increase the safety of visitors to Argentina, but will also allowavoid unnecessary and often confusing cash exchange transactions in a country where there is aMore than 14 different dollar exchange rates.

The QR payment service will allow tourists to pay in stablecoins, as well as in bitcoin (BTC) and ether (ETH).The conversion of funds will take place at the time of payment, while the counterpartywill receive a payment in Argentine pesos.

Latin American exchange Bitso announced the launch of a system for paying with digital assets for goods and services in September.According to the project team, this will help all participants and users of the system to protect themselves fromrising inflation and volatility of the Argentine peso.