Bitso will allow transfers in dollars between Argentina and the USA

The Financial Services Platform Bitsoone of the most important in Latin America in the crypto ecosystem, announced the launch of a new key functionality for Argentine users: The possibility of making dollars directly from and to the United States.

This tool points especially to freelancers, investors and small savers that need to move money between accounts in dollars safely, quickly and with Very competitive commissionswithout depending on the traditional Argentine banking system or expensive intermediaries.

A virtual bank account in the US, without bureaucratic obstacles

With this new function, bitso users can Create a virtual bank account in the United States To send or receive transfers through systems Ach (low cost) or wire (faster). Costs vary between U $ S 2.99 for ACH and U $ S 11.99 + 0.17% for Wirewhat represents One of the most competitive rates on the market.

How is the function enabled?

Acting transfers is simple. From the Bitso app, the user must enter the “Send” section, select “dollars in dollars”, accept the terms and follow the steps to create the account. Once the process is completed, you can see the necessary bank data to make or receive transfers.

Also, in the “deposit” section you can receive funds from accounts or platforms in the United States.

Outstanding benefits for Argentine users

Bitso aims to solve a critical need of the Argentine market: free, cheap and efficient access to the dollar. In that sense, this new option offers a series of advantages:

• Low costs: One of the most competitive commissions to send or receive dollars from the USA.

• Performance: Every digital dollar (USDC) can generate up to 4% per yearan attractive return to those who seek to protect their savings.

• Withdrawals in pesos at no cost: Digital dollars can be converted to pesos and send them to a local account without paying commissions.

• Integrated ecosystem: Functionality is part of the full bitso environment, which also allows to operate with cryptocurrencies and pay payments.

According to Julián ColomboCEO of Argentine Bitso, this solution “will greatly benefit our users in Argentina” and responds to the company’s mission to offer “accessible financial solutions, efficient and without bureaucratic obstacles.”

A key option in time of uncertainty

With an exchange rate that is maintained in tension, an stocks to the dollar that does not end up deactivating and restrictions to operate freely in the exchange market, the bitso proposal becomes a concrete and legal alternative for those who need to move funds between Argentina and abroad.

Besides, Access to yield in USDC (digital dollars) It provides a possibility of protection against inflation, both local and international, without the need to venture into more complex financial instruments.

In summary

• They can be sent and received from accounts in the US through Bitso.

• The operation is performed with very low commissions.

• The dollars received are transformed into USDC, which pay up to 4% per year.

• They can be converted to free pesos and deposit into a local bank account.

In the middle of a local context still fragile in exchange rate, Bitso proposes a specific tool to gain financial autonomy and overcome the labyrinth of regulations, excessive costs and bureaucracy that usually hinders the management of dollars from Argentina.