{"id":441078,"date":"2022-05-03T09:03:36","date_gmt":"2022-05-03T06:03:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/argentinas-largest-two-banks-to-allow-crypto-trading\/"},"modified":"2022-05-03T09:03:36","modified_gmt":"2022-05-03T06:03:36","slug":"argentinas-largest-two-banks-to-allow-crypto-trading","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/argentinas-largest-two-banks-to-allow-crypto-trading\/","title":{"rendered":"# Argentina&#8217;s largest two banks to allow crypto trading"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2353a8f0b09\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2353a8f0b09\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/argentinas-largest-two-banks-to-allow-crypto-trading\/#%E2%80%9D_Argentinas_largest_two_banks_to_allow_crypto_trading_%E2%80%9C\" >&#8221; Argentina&#8217;s largest two banks to allow crypto trading &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Argentinas_largest_two_banks_to_allow_crypto_trading_%E2%80%9C\"><\/span>&#8221; Argentina&#8217;s largest two banks to allow crypto trading &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYTQ5NWRjOTEtZmU1Yy00NzhiLTk2OWEtODEyZjUwMDYwY2I2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Argentina\u2019s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases.<\/p>\n<p>Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-02\/two-argentine-banks-allow-customers-to-buy-cryptocurrencies\">reported<\/a> on May 2 that a resounding 60% of respondents to an Argentinian poll asked for more access to crypto, which catalyzed the banks\u2019 decisions to begin allowing crypto trading. <\/p>\n<p>Affiliate at market research firm Americas Market Intelligence, Ignacio Carballo, tweeted confirmation on May 3 with screenshots of Banco Galicia\u2019s online interface that it had begun supporting Bitcoin (BTC), Ether (ETH), USD Coin (USDC), and Ripple (XRP) purchases.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"es\" dir=\"ltr\">.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/IMPORTANTE?src=hash&amp;ref_src=twsrc%5Etfw\">#IMPORTANTE<\/a>: El Banco Galicia incorpora funci\u00f3n de comprar <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/criptomonedas?src=hash&amp;ref_src=twsrc%5Etfw\">#criptomonedas<\/a>! <\/p>\n<p>Se transforma as\u00ed en el PRIMER BANCO DE ARGENTINA en ofrecer el servicio <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/critpo?src=hash&amp;ref_src=twsrc%5Etfw\">#critpo<\/a>. Impresionante paso de la Banca Tradicional.<\/p>\n<p>(P.S.: hay que decirlo: chupate esa mandarina!) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0Kpi3oMUIL\">pic.twitter.com\/0Kpi3oMUIL<\/a><\/p>\n<p>\u2014 Ignacio E. Carballo (@IECarballo) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IECarballo\/status\/1521165078560755713?ref_src=twsrc%5Etfw\">May 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe South American nation has the sixth-highest crypto adoption rate in the world. Data and survey firm Statista <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/1202468\/global-cryptocurrency-ownership\/\">estimates<\/a> that 21% of Argentines had used or owned crypto by 2021.<\/p>\n<p>Allowing customers to purchase Bitcoin and other cryptos through their bank could help Argentines stay ahead of the crushing inflation in the country. The latest data from economic data tracker Trading Economics says Argentina\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/argentina\/inflation-cpi\">inflation<\/a> rate in April was 55%. Proponents say Bitcoin\u2019s scarcity and decentralization make it the ideal inflation hedge.<\/p>\n<p>Last month, the town of Sorradino in Argentina purchased mining rigs and planned on starting a mining operation as a way of earning Bitcoin to fight inflation. Its income from mining was estimated to be several hundred U.S. dollars per month.<\/p>\n<p>Taking into account its high adoption rate, the mayor of Argentina\u2019s capital Buenos Aires, Horacio Rodriguez Larreta, announced late last month that the city would begin accepting crypto as payment for public financial services. The city also plans to launch a blockchain-based digital identification (DID) platform for its residents.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>El Salvador Bitcoin wallet shows \u2018strong sign of adoption,\u2019 exec says<\/em><\/strong><\/p>\n<p>However, Argentina is not the largest country in South America taking giant leaps forward with crypto adoption. Brazil\u2019s senate finally <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved the \u2018Bitcoin Law\u2019 bill on April 26 which could help add a much-needed regulatory framework for the local crypto industry. It only needs to pass one more committee to be signed into law by President Jair Bolsinaro.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/argentina-s-largest-two-banks-to-allow-crypto-trading\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Argentina&#8217;s largest two banks to allow crypto trading &#8220; Argentina\u2019s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases. Bloomberg reported on May 2 that a resounding 60% of respondents to an Argentinian poll asked for more access to crypto, which catalyzed the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":441079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYTQ5NWRjOTEtZmU1Yy00NzhiLTk2OWEtODEyZjUwMDYwY2I2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74355,22845,71939,70551],"class_list":["post-441078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-adoption","tag-argentina","tag-banks","tag-inflation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=441078"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/441079"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=441078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=441078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=441078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}