ARGENTINIAN BANK NOW USING BITCOIN FOR CROSS-BORDER TRANSACTIONS

Last updated: June 19, 2025, 20:22 | Written by: Dan Larimer

In a groundbreaking move that signals a potential shift in the landscape of international finance, Argentinian Banco Masventas (BMV) has announced a partnership with Bitex, a Latin America-focused cryptocurrency exchange, to integrate Bitcoin into its cross-border payment infrastructure. Posted by u/Cointelegraph_news - 1 vote and no commentsThis innovative approach allows BMV's clients to utilize Bitcoin as an alternative to the traditional SWIFT system for international transactions.Imagine sending money across borders not in days, but within 24 hours, and at a fraction of the cost. Argentina s Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin. A partnership with Latin America-focused exchange startup Bitex, founded in 2025, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift.This isn't just about embracing a new technology; it's about offering a more efficient and accessible solution to Argentinians navigating the complexities of global finance.This pioneering initiative marks a significant step towards integrating cryptocurrencies into mainstream banking, potentially paving the way for other financial institutions to explore the benefits of decentralized digital currencies.The partnership addresses the growing demand for faster, cheaper, and more transparent cross-border payment options, especially in regions where traditional financial systems may be less efficient or accessible. Argentinian Bank Now Using Bitcoin For Cross-Border Transactions. COINTELEGRAPH.COM. Argentinian Bank Now Using Bitcoin For Cross- Border Transactions.But how does this all work?And what are the implications for the future of international banking?Let's delve deeper into this exciting development.

Banco Masventas Embraces Bitcoin for International Payments

Banco Masventas' decision to incorporate Bitcoin into its cross-border payment system represents a forward-thinking approach to addressing the challenges of international transactions. Manuel Beaudroit, Bitex chief marking officer, claims that this marks the first time that a domestic bank has adopted bitcoin for cross-border payments. He said that the bank will soon use bitcoin for real-world transactions. The customers will ask the bank to do an international payment, and the bank uses Bitex as a provider, said Beaudroit.By partnering with Bitex, BMV aims to provide its customers with a faster, more cost-effective, and transparent alternative to traditional methods like SWIFT. BMV bank has revealed a partnership with Bitex to allow customers to make cross-border payments in Bitcoin. They aim to utilise Bitcoin as a low-fee cryptocurrency which can be transferred across borders and easily exchanged for fiat currencies. Bank Moves from SWIFT to Bitcoin BMV said in a statement: The service allows you to reduce [ ]This move not only benefits BMV's clients but also positions the bank as a pioneer in the adoption of cryptocurrency within the Argentinian financial sector.

The Power of the Bitcoin Network

The Bitcoin network offers several advantages over traditional payment systems.Its decentralized nature eliminates the need for intermediaries, reducing transaction fees and processing times. Argentinian Bank Now Using Bitcoin for Cross-Border Transactions. For details: Join our Blockchainconnect conference in June:Additionally, the transparent and immutable nature of the blockchain provides enhanced security and traceability.For Argentinians, who often face challenges with currency controls and economic instability, Bitcoin offers a potential solution for preserving value and facilitating international commerce.

The service is set to facilitate payments between 50 countries, with transactions expected to be completed in 24 hours or less. Argentinian Banco Masventas (BMV), has announced a partnership Bitex to enable clients to use Bitcoin for international payments as an alternative to SWIFT, according to a Facebook post May 21This speed and efficiency are a significant improvement over traditional SWIFT transfers, which can often take several days and involve multiple intermediaries.

How the Bitcoin Cross-Border Payment System Works

The process of using Bitcoin for cross-border payments through Banco Masventas is relatively straightforward.Here's a breakdown:

A customer initiates an international payment request at Banco Masventas.
The bank, utilizing Bitex's services, converts the local currency (Argentine Peso) into Bitcoin.
The Bitcoin is then transferred across the border to the recipient country.
Bitex then converts the Bitcoin back into the recipient's local currency.
The recipient receives the funds in their local currency.

This process bypasses the traditional SWIFT system, which involves multiple intermediary banks and can result in significant delays and fees. Argentinian Bank Now Using Bitcoin For Cross-Border TransactionsSource: CointelegraphPublished onBy leveraging the Bitcoin network, BMV can offer its customers a faster, cheaper, and more transparent way to send money internationally.

The Role of Bitex in the Partnership

Bitex, a Latin American cryptocurrency exchange startup founded in 2025, plays a crucial role in facilitating these Bitcoin-based cross-border payments. Argentinian Bank Now Using Bitcoin for Cross-Border Transactions Argentinian Bank Now Using Bitcoin for Cross-Border - freedomnode.com - Bitcoin, Cryptography Decentralization FacebookAs a provider, Bitex handles the conversion of fiat currency to Bitcoin and vice versa, ensuring a seamless experience for BMV's customers. Ripple have targeted banks and, specifically, cross-border payment providers and argue that XRP can save costs and deliver faster transactions than using SWIFT or Bitcoin. This move by BMV shows a preference for the number one ranked cryptocurrency by market cap instead of XRP which is aimed at being used by banks.Bitex’s expertise in the cryptocurrency market and its focus on Latin American users makes it an ideal partner for Banco Masventas in this endeavor.

Manuel Beaudroit, Bitex’s chief marketing officer, emphasized that this marks the first time a domestic bank has adopted Bitcoin for cross-border payments.He stated that the bank will soon use Bitcoin for real-world transactions.

The Advantages of Using Bitcoin over SWIFT

The partnership between Banco Masventas and Bitex highlights the growing recognition of Bitcoin as a viable alternative to the SWIFT system for international payments. In this way, the bank will allow its customers to send and receive international payments using Bitcoin. The main intention is to reduce costs associated with international transactions. Moreover, Banco Masventas will be upgrading its smartphone-based services and lower other bureaucratic costs. According to Bitex s chief marketing officerHere are some key advantages of using Bitcoin:

Lower Transaction Fees: Bitcoin transactions typically incur significantly lower fees compared to SWIFT transfers, which can involve multiple intermediary banks charging their own fees.
Faster Processing Times: Bitcoin transactions can be processed much faster than SWIFT transfers, which can take several days to complete.
Increased Transparency: All Bitcoin transactions are recorded on a public ledger (the blockchain), providing greater transparency and traceability.
Reduced Reliance on Intermediaries: The decentralized nature of Bitcoin eliminates the need for multiple intermediary banks, streamlining the payment process.
Greater Accessibility: Bitcoin can be accessed by anyone with an internet connection, regardless of their location or banking status.

Impact on the Argentinian Economy

Argentina's economic landscape has been marked by volatility and currency controls, making international transactions challenging for both businesses and individuals.By adopting Bitcoin for cross-border payments, Banco Masventas is offering a solution that could potentially mitigate these challenges and boost the Argentinian economy.

Easing Financial Restrictions

Bitcoin can provide a workaround for Argentina's strict currency controls, allowing businesses and individuals to send and receive money internationally without being subject to the same limitations.This can facilitate international trade, investment, and remittances.

Promoting Financial Inclusion

For Argentinians who may not have access to traditional banking services, Bitcoin offers a potential alternative. Banco Masventas in Argentina announced via its Facebook page that it is introducing a new program that will allow customers to make cross-border payments using bitcoin. The institution hasWith a Bitcoin wallet, individuals can participate in the global economy and send and receive money internationally, even without a bank account.

Bitcoin vs. 6M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. UnlikeXRP for Cross-Border Payments

While Bitcoin is gaining traction as a solution for cross-border payments, other cryptocurrencies, such as XRP, have also been vying for a similar role.Ripple, the company behind XRP, has specifically targeted banks and cross-border payment providers, arguing that XRP can offer faster and cheaper transactions than SWIFT.However, Banco Masventas' decision to embrace Bitcoin suggests a preference for the world's leading cryptocurrency by market capitalization.

Several factors may have contributed to BMV's choice of Bitcoin over XRP, including:

Wider Adoption: Bitcoin has a much larger and more established user base than XRP, making it a more liquid and readily available asset.
Decentralization: Bitcoin's decentralized nature may be more appealing to institutions seeking to avoid reliance on centralized entities like Ripple.
Regulatory Clarity: While the regulatory landscape for cryptocurrencies is still evolving, Bitcoin has generally been subject to greater regulatory scrutiny and clarity than XRP.

The Future of Bitcoin in Banking

Banco Masventas' adoption of Bitcoin for cross-border payments could serve as a catalyst for further integration of cryptocurrencies into the banking sector.As more financial institutions recognize the potential benefits of Bitcoin, we may see a wider adoption of cryptocurrency-based solutions for various financial services.

Potential Use Cases Beyond Cross-Border Payments

Beyond cross-border payments, Bitcoin and other cryptocurrencies could be used for a variety of other banking applications, including:

Remittances: Bitcoin can offer a cheaper and faster way to send remittances to family members in other countries.
Micro-payments: Bitcoin can facilitate micro-payments for online content or services.
Asset Management: Bitcoin can be used as a store of value and a hedge against inflation.
Decentralized Finance (DeFi): Banks can leverage Bitcoin and other cryptocurrencies to offer decentralized financial services, such as lending and borrowing.

Challenges and Opportunities

While the integration of Bitcoin into banking presents significant opportunities, it also poses some challenges.These challenges include:

Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving, and banks need to navigate complex and often conflicting regulations.
Volatility: The price of Bitcoin can be highly volatile, which can pose risks for both banks and customers.
Security: Banks need to implement robust security measures to protect against cyberattacks and theft of Bitcoin.
Scalability: The Bitcoin network can sometimes experience congestion, which can lead to delays in transaction processing.

However, these challenges are not insurmountable, and as the cryptocurrency industry matures, we can expect to see greater regulatory clarity, improved security, and more scalable infrastructure.

Common Questions About Bitcoin and Cross-Border Payments

Is Bitcoin legal in Argentina?

While Bitcoin is not legal tender in Argentina, it is not explicitly illegal either. Topic: ARGENTINA TO USE BITCOIN FOR INTERNATIONAL TRANSFER (Read 636 times) oceantiger (OP) Jr. Member Offline Activity: 308 Merit: 8.The Argentinian government has taken a relatively neutral stance on cryptocurrencies, allowing individuals and businesses to use them for various purposes.

How secure are Bitcoin transactions?

Bitcoin transactions are secured by cryptography and recorded on a public ledger (the blockchain).This makes them highly resistant to fraud and censorship. 阿根廷Banco Masventas（BMV）银行宣布和Bitex达成合作，客户可以使用比特币进行跨境交易，比特币成为除了SWIFT（国际银行结算系统）以外的另一种跨境交易选择。However, it's important to use secure wallets and practices to protect your Bitcoin holdings from theft.

What are the tax implications of using Bitcoin for cross-border payments?

The tax implications of using Bitcoin for cross-border payments will vary depending on the specific circumstances and the tax laws of the countries involved.It's important to consult with a tax professional to understand your tax obligations.

How does Bitcoin compare to other cryptocurrencies for cross-border payments?

Bitcoin is the most widely adopted cryptocurrency and has a large and established user base. Argentinian Bank Now Using Bitcoin for Cross-Border Transactions Argentinian Banco Masventas (BMV), has announced a partnership Bitex to enable clients to use Bitcoin for international payments as anWhile other cryptocurrencies may offer certain advantages, such as faster transaction times or lower fees, Bitcoin's network effect and security make it a popular choice for cross-border payments.

Conclusion: A New Era for International Finance?

Banco Masventas' decision to integrate Bitcoin into its cross-border payment system marks a significant milestone in the evolution of international finance. 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 isBy leveraging the power of the Bitcoin network, BMV is offering its customers a faster, cheaper, and more transparent alternative to traditional methods like SWIFT. The latest country to open the door to Bitcoin is Argentina, with it recently being announced that leading bank BMV Banco Masventas will allow cross-border Bitcoin payments. Say buenos dias to Bitcoin. Making history, BMV Banco Masventas will be the first bank in the world that allows for Bitcoin-backed cross-border payments.This innovative approach could potentially transform the way businesses and individuals send and receive money internationally, particularly in regions where traditional financial systems may be less efficient or accessible.

Key takeaways:

Banco Masventas is the first bank to use Bitcoin for cross-border transactions.
This allows for faster and cheaper international payments compared to SWIFT.
The partnership with Bitex enables the conversion of fiat to Bitcoin and vice versa.
This move could ease financial restrictions and promote financial inclusion in Argentina.
The integration of Bitcoin into banking could pave the way for other cryptocurrency-based solutions.

As more financial institutions recognize the potential benefits of Bitcoin and other cryptocurrencies, we can expect to see a wider adoption of these technologies in the years to come. Cryptocurrency trading startup Bitex has trialed a cross-border payments system using bitcoin with an Argentinian bank.The future of international finance may very well be decentralized, digital, and powered by Bitcoin.