Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Henrikbliss on May 22, 2018, 07:12:13 PM
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Argentina's Banco Masventas has partnered with Latin American bitcoin exchange Bitex to enable customers perform cross-border payments using bitcoin.
This is the first time a financial institution is adopting bitcoin for cross-border payments. The bank will charge a 3% + Value Added Tax (VAT) for every bitcoin transaction.
Read More: http://news.bitzamp.com/an-argentine-bank-is-using-bitcoin-for-cross-border-payments/ (http://news.bitzamp.com/an-argentine-bank-is-using-bitcoin-for-cross-border-payments/)
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this thread should get a lot of response from the members here.
because threads like this are very high quality.
just imagine an international Bank accepting payments for Bitcoin transactions. good!
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Banks have always found a way to earn money and now we see how they earn on commission for the transfer of Bitcoin from one account to another. This is good news, because it indicates that Banks are less likely to attack Bitcoin and are increasingly looking for a way of mutually beneficial cooperation and interaction.
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Great, this is not the first news that banks are starting to use Bitcoin and other cryptocurrencies for cross-border transfers. This method had to be used long ago, then it would be possible to save on expensive bank transfers and reduce the cost of part of banking services.
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Did the banks stop being afraid of Bitcoin and start looking for ways to earn money on Bitcoin? This is good news, I hope that the banks of other countries will follow their example.