Argentinian Bank Launches Cross-Border Payments Through Bitcoin Network

[kreslik.news]

The Argentinian Banco Masventas has launched a plan that will allow its customers to send cross-border payments via the Bitcoin network. The service is set to be available to send payments between 50 countries; each transaction will be executed in 24 hours or less.

The move is a result of a partnership with Bitex, a crypto exchange startup targeting Latin American users. Banco Masvestas is believed to be the world’s first bank to use Bitcoin as an international payments standard, similar to the SWIFT clearing network.

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