- Brazil‘s central bank has expanded its Pix instant payment system to include Brazilians living in Argentina, allowing for cross-border transactions.
- Pix is widely integrated with crypto platforms like Binance, Kraken, and Mercado Bitcoin for fiat onramps, linking the payment rail directly to digital asset services.
- A report shows Argentina leads Latin America in crypto adoption per capita, with app downloads surging over 90% for wallets using Pix in Brazil.
- Argentina’s easing of strict currency controls is opening new crypto use cases beyond savings and remittances for its residents.
The Banco Central do Brasil announced on Friday that it has extended its Pix digital payments service to Brazilians residing in Argentina. This expansion allows users to pay for goods and transact between both nations. Consequently, a major financial bridge now connects two of Latin America’s largest crypto economies.
The central bank’s platform is already accepted by key crypto firms operating in Brazil for fiat deposits. These providers include exchanges like Binance, crypto.com, Mercado Bitcoin, and Kraken, as well as the crypto application Lemon.
A recent industry report highlights the regions’ adoption leadership. Argentina ranks first in Latin America for crypto adoption per capita, while Brazil leads by total crypto value received. Meanwhile, Argentina’s crypto user base is now about four times larger than during the 2021 market cycle.
Latin America maintains an adoption rate roughly three times higher than the United States. Lemon attributed a surge in its application downloads directly to the Pix system’s integration. “Argentina recorded 5.4 million crypto app downloads in 2025, with more than 90% corresponding to wallets that implemented Pix payments in Brazil,” the authors stated.
Users in high-inflation regions have historically turned to digital assets as a financial alternative. However, Argentina’s inflation, while still high at 37% in 2025, marked its lowest annual rate in eight years. The government also removed currency controls, allowing residents to trade U.S. dollars openly.
Previously, a black market existed for dollars and dollar-pegged stablecoins due to these restrictions. This economic improvement is now enabling new cryptocurrency use cases beyond traditional savings and remittances.
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