One of Argentina’s largest banks — Banco Galicia — has opened access to cryptocurrencies for its clients. On its platform, users can buy Bitcoin, Ethereum, XRP and the stablecoin USDC.
. #IMPORTANTE: Banco Galicia adds the ability to buy #criptomonedas!
It thus becomes the FIRST BANK IN ARGENTINA to offer the service #critpo. Impressive step for traditional banking.
(P.S.: gotta say it: suck on that mandarin!) pic.twitter.com/0Kpi3oMUIL
— Ignacio E. Carballo (@IECarballo) May 2, 2022
The initiative was driven, in part, by client demand. The bank does not offer custodial services — storage of digital assets is handled by the infrastructure provider Lirium.
Brubank, another Argentine bank, also announced the launch of the cryptocurrency service. Its users gained access to Bitcoin, Ethereum, USDC and DAI. The company noted that the feature would be rolled out gradually to all customers.
If we already have crypto!
It is a feature that is being progressively enabled for all our users. When it is enabled you will be able to view it by going to ‘Investments’ in the app.— Brubank (@brubankarg) May 2, 2022
Earlier, the IMF included in Argentina’s debt refinancing plan a clause implying ban on cryptocurrency dealings in the country.
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