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Author Topic: ARGENTINA TO USE BITCOIN FOR INTERNATIONAL TRANSFER  (Read 514 times)
oceantiger (OP)
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June 06, 2018, 02:37:08 PM
Merited by anitaraymonds (3)
 #1

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers. According CryptoCoin.News  Argentina believes that transfers with bitcoin will be faster and cheaper. Get more from Youtube here:

 https://www.youtube.com/watch?v=XS7GzNl1zwY&list=PLbkLKD7_BGXaYclS47QQB_i5fBK_D9kpC
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rumexx
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June 06, 2018, 02:46:50 PM
 #2

If Argentina goes ahead to implement the international transfer with bitcoin then it will be a boost to the crypto community and will attract more patronage from other country if it is successful with Argentina and that will definitely means more adoption for bitcoin and also rise in value.
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June 06, 2018, 02:52:39 PM
 #3

Fantastic bit of news. Very positive for the community. Hope other counties will follow suit and adopt Bitcoin for their international transfer for its faster and cheaper fees.
Wickedwitch28
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June 06, 2018, 02:54:00 PM
 #4

This is a great news to all of us. If argentina goes ahead to implement bitcoin in their country, it might some other countries will follow argentina to allow bitcoin transactions in their country. This will be one of the reason why investors will invest more in bitcoin and we'll gonna be all happy.

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June 06, 2018, 02:56:48 PM
Merited by LeGaulois (1)
 #5

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers.

How can you do international transfers if only Argentina is ready to do them?
When you speak about "international" it means at least two countries, which one is the other?

Besides...
https://cointelegraph.com/news/argentinian-bank-now-using-bitcoin-for-cross-border-transactions
Quote
According to BMV, the new service allows customers to transfer money from account to account in less time than traditional bank transfers. BMV states that the new service will reduce transfer times by up to 24 hours.

So, it's still worse than SEPA  Grin Grin

Seems like they've found a way to overcomplicate things:
Quote
Argentinian Banco Masventas (BMV), has announced a partnership Bitex

So, instead of having the transfers done by a bank, now we have a bank and another financial 3rd party service, just to jack up the prices a bit more.

I have a far better solution, use BTC directly with no intermediaries. !!!!!!

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gantez
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June 06, 2018, 03:07:43 PM
 #6

I see this as a great news even though some are criticizing it because it should involve other countries to be successful. I believe with time, some others would adopt. It is a gradual process and a step in the right direction.
LeGaulois
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June 06, 2018, 03:22:51 PM
 #7

A SEPA transfer takes less than 24 hours too. It's just that some banks credit your account after 24 hours because of whatever reason they have. But some banks credit your account within 12 hours or less.

And I agree with @stompix if Argentina is the only country then how an international transfer can be done
As well, using Bitcoin directly and yourself will cost you less

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Abete
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June 06, 2018, 03:23:38 PM
 #8

if that is true, Argentina could be an important factor in the development of cryptocurrency in the South American continent. so the development of crypto growing in every continent. Asia and Europe are still the most cutting edge for crypto development.
Nabilog
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June 06, 2018, 03:24:12 PM
 #9

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers. According CryptoCoin.News  Argentina believes that transfers with bitcoin will be faster and cheaper. Get more from Youtube here:

 https://www.youtube.com/watch?v=XS7GzNl1zwY&list=PLbkLKD7_BGXaYclS47QQB_i5fBK_D9kpC

It's good news. That's good many countries are adopting btc
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June 06, 2018, 03:38:55 PM
 #10

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers. According CryptoCoin.News  Argentina believes that transfers with bitcoin will be faster and cheaper. Get more from Youtube here:

 https://www.youtube.com/watch?v=XS7GzNl1zwY&list=PLbkLKD7_BGXaYclS47QQB_i5fBK_D9kpC
wow,,when I saw the news, my eyes is glimpse, because finally Argentina is part of cryptoland because bitcoin will be legalized,aside from that, its very helpful way to raise again the bitcoin price because the supply and demand will increase due to this case,,and hopefully in my country well do the same to this path,at wishful thinking. Wink
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June 06, 2018, 05:16:55 PM
 #11

Good news from south america, i think others country should following Argentina's move as soon as possible, because it will useless if only one country using bitcoin as an international sending method
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June 07, 2018, 03:59:08 AM
 #12

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers. According CryptoCoin.News  Argentina believes that transfers with bitcoin will be faster and cheaper. Get more from Youtube here:

 https://www.youtube.com/watch?v=XS7GzNl1zwY&list=PLbkLKD7_BGXaYclS47QQB_i5fBK_D9kpC
It amazingly,, surprizes  when I saw the news about the positive outlook in bitcoin to Argentina because finally it involve to cryptoland to use bitcoin from alternative solution for the most affortable transaction with no exchange rate fees,to conduct cross-border transactions  and offer a convenient way,,,so that we believe that other country will follow to Argentina,,by continue growing of bitcoin transaction in other nation who has wholeheartdly adpot of bitcoin system,
kaya11
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June 07, 2018, 04:08:00 AM
 #13

Why include third parties when Bitcoin is meant for peer-to-peer transferring? They are just making things more confusing and therefore leads to unnecessary additional payments. 
HabBear
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June 07, 2018, 04:17:22 AM
 #14

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers. According CryptoCoin.News  Argentina believes that transfers with bitcoin will be faster and cheaper.

OOOOOHHHHH This is exciting!

Argentina is brave and smart. The world's monetary system has been stuck in the 1970's for far too long. It shouldn't take days to transfer money across borders when it takes seconds to exchange all other information across borders.

And Argentina is in need, for its citizens, to begin developing a more stable monetary system.
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June 07, 2018, 04:19:05 AM
 #15

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers. According CryptoCoin.News  Argentina believes that transfers with bitcoin will be faster and cheaper. Get more from Youtube here:

 https://www.youtube.com/watch?v=XS7GzNl1zwY&list=PLbkLKD7_BGXaYclS47QQB_i5fBK_D9kpC

very great news congrats to your country this will make a positive impact not only in bitcoin but crypto currency also. Hoping that more country will do as the same as argentina.

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June 07, 2018, 04:32:24 AM
 #16

it is great news in the this period,this period is very boring,the crypto market need more good information to it can grow up,we need more country accept BTC and crypto market,i hope the last 1/2 year 2018 the crypto market will more exciting
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June 07, 2018, 04:48:00 AM
 #17

Why include third parties when Bitcoin is meant for peer-to-peer transferring? They are just making things more confusing and therefore leads to unnecessary additional payments. 

That's why Bitcoin was born. Satoshi original vision was a P2P without any third party in between.

Good news and a boost for Bitcoin as Argentina is ready to use Bitcoin for international transfers. According CryptoCoin.News  Argentina believes that transfers with bitcoin will be faster and cheaper. Get more from Youtube here:

 https://www.youtube.com/watch?v=XS7GzNl1zwY&list=PLbkLKD7_BGXaYclS47QQB_i5fBK_D9kpC

First this news was reported around the 3rd week of May. Second I don't think that its 100% decentralizes as we all know that it will be Argentina's Banco Masventas will open it as alternative to Swift transaction but they have partnered with Bitex in the implementation. Although this is a good option, but I would rather as the poster above have said, make it just wallet to wallet transfer.And as far as remittances is concern, Argentina ranks 70 globally, (https://www.theglobaleconomy.com/rankings/Remittances/). Although this is a welcoming news, I don't think it will have enough momentum to push the market, but hey, we need every positive news, so let's hope that at least the Argentinian Crypto community will be happy about this announcement.

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June 07, 2018, 06:19:48 AM
 #18

If it happens for other countries too, then the value of portfolio of current bitcoin owners would skyrocket in few years
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June 07, 2018, 07:39:35 PM
 #19

Thank you for the link. It is a very interesting news that Argentina is ready to use Bitcoin for international transfer. Moreover, they believe that it is very faster and cheaper to transfer.
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June 08, 2018, 07:46:21 PM
 #20

I think it's great news for all Bitcoin communities. If the Argentines come forward to implement Bitcoin in the country, then other countries will allow them to accept it. As a result, there will be a lot of impact on Bitcoin prices. It only uses Bitcoin in one country as an international sending method if it is meaningless.
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