An Argentina bank using Bitcoin for cross-border payments

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An Argentina bank using Bitcoin for cross-border payments
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A regional bank in Argentina has revealed that it will allow its customers to use Bitcoin in case of sending cross-border payments.   

The bank, Banco Masventas, said this service has begun on May 21 in partnership with Latin America-focused exchange startup Bitex.

The bank is using Bitcoin in payments as an alternative to Swift in international transactions. 

According to Bitex chief marking officer Manuel Beaudroit, this is the first domestic bank has adopted the virtual currency Bitcoin for cross-border payments.

Although real-world transactions are yet to be launched, the bank is planning to use Bitcoin for real customer transactions soon, Beaudroit added.
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