Bitcoin has taken a significant step towards real world adoption in Argentina with public transportation users in 37 cities now able to pay with the cryptocurrency.
The development has come about due to a collaboration between Alto Viaje — provider of the travelcard platform on public transportation in Argentina — and Bitex, a blockchain financial services provider, according to cripto247.
It could be seen as a small step forward, but the integration in this instance is significant as it increases availability across an essential service nationwide, opening up a use case for a complete cross section of Argentine society.
“We believe that this type of project is of great importance, since it brings technology as disruptive as Bitcoin to the common people”
The SUBE card (Sistema Único de Boleto Electrónico) is a smart card which facilitates access to public transportation services within the Buenos Aires metropolitan area, together with public transport services in 36 other cities in Argentina. Those who use the cryptocurrency will now be enabled in adding credit to their SUBE card, paying in Bitcoin.
Established in 2014, Bitex is a fintech company that provides solutions to both individuals and institutions for the supply of Bitcoin for investment. Additionally, it facilitates customers in making and receiving payments in cryptocurrency with the facility to convert to local currency across fifty countries.
The company is particularly active in Latin America and in this instance, it is providing the API integration necessary to facilitate Bitcoin payments with the SUBE card.
Manuel Beaudroit, Co-Foundera and Chief Marketing Officer at Bitex was quoted in cripto247 on the integration: