Argentinian Bank to Use BTC For Cross Border Payments

Banco Masventas joined forces with Bitex exchange to use Bitcoin as an alternative for SWIFT
22 May 2018   1771

Banco Masventas from Argentina announced that starting it will allow its customers to send cross-border transfers using bitcoin, CoinDesk reports.

The regional bank entered into an agreement with the Latin American exchange Bitex, founded in 2014, and will use bitcoin as an alternative to Swift.

The representative of the exchange said that this cooperation was the first example of the use of bitcoin by a local bank for cross-border payments.

The main shareholder of Banco Masventas, José Dacak, said that the latest solution will contribute to the development of digital banking services, including those targeted at mobile devices, and will reduce the cost of servicing cross-border payments.

One of the actions was to contract Bitex as a strategic partner in the implementation of the Bitex platform for payments and collections operations for our clients abroad.

José Dacak

Principal shareholder, Banco Masventas

The bank has not yet committed transactions using Bitcoin, as the service starts to operate only today, Bitex representative explained. 

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   90

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.