Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, today announced the launch of its on-ramp and off-ramp to convert Argentine pesos into cryptocurrency.
This new service for users in Argentina will be offered through a local partner of the exchange.and will allow users to convert Argentine pesos into cryptocurrencies, through their Binance wallets, depositing funds via bank or virtual transfer.
In context, A ramp service is one that allows the exchange of government-issued coins into cryptocurrencies. Since fiat currencies are the most widely adopted form of currency globally, this is the most accessible method of obtaining cryptocurrency, while the off-ramp allows you to switch to fiat.
That said, through a press release, Binance pointed out that with this new product it reinforces its commitment to bring traditional finance and payments closer to the crypto and blockchain ecosystem, investing in the development of services that respond to the needs of local users, and contributing to the growth of the ecosystem in the country.
For his part, Maximiliano Hinz, director of Binance for Latam Cono Surstated that he was enthusiastic about the new launch, which, he stressed, is especially focused on customers. “We understand the peculiarities of each country in the region. This new service will allow us to continue working for financial inclusion”Hinz said.
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