The Central Bank of Argentina is considering a measure that would permit banks to offer cryptocurrency trading and custody as part of their service offerings.
According to La Nacion, a local newspaper, sources close to the bank claimed that it is already drafting a measure to open this possibility for private banks. Neither a date nor details on the subject were offered.
Members of the Argentine cryptocurrency industry agreed that such a measure would benefit the national crypto ecosystem, opening the doors for more people to test and use alternatives such as bitcoin as stablecoins.
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Kraken, the U.S.-based cryptocurrency exchange, is making moves to expand its influence and reach in Colombia.
The exchange recently announced the implementation of local payments in the country, allowing Colombians to fund their accounts using Colombian pesos without relying on international wires to this end.
Deposits will be exchanged into U.S. dollars at “competitive, transparent exchange rates,” as Kraken takes over to streamline the user experience without the need to include third parties in the onboarding process.
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YPF, an oil and oil derivatives company owned 51% by the Argentine state, has opened the doors to receive cryptocurrency payments for its products and services.
According to local reports, the company will implement a system that allows customers to pay at the pump using several cryptocurrencies, utilizing a third-party exchange to process these payments.
The fuel station will receive Argentine pesos, as YPF’s backend will manage the exchange of the selected currency into pesos and the transfer of these funds to the fuel merchant account. To simplify this operation, payments will be executed using a QR code.
Read more.
- What is the Central Bank of Argentina considering?
The bank is contemplating a measure to allow private banks to offer cryptocurrency trading and custody services. - What recent actions has Kraken taken in Colombia?
Kraken has started allowing Colombians to fund accounts with Colombian pesos, streamlining the deposit process with transparent exchange rates. - How is YPF incorporating cryptocurrency into its services?
YPF is implementing a system for customers to pay for fuel using various cryptocurrencies, managing conversions to Argentine pesos through QR code payments.
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