Since the beginning of the Coronavirus crisis, the world economy has been under enormous pressure. With hundreds of companies around the world facing great difficulties. But for Binance things have been different, since since the pandemic began it seems that the exchange has only strengthened with new products and services. Therefore, today we invite you to learn about the new payment methods in Binance for Argentina.
The advantages of decentralization
There has never been a better time to demonstrate the value of decentralization. Well, in the midst of the economic crisis generated by the Coronavirus, the traditional organizations with centralized structures, for the most part, have not been able to adapt efficiently to the new conditions generated by the pandemic.
While more decentralized companies such as Binance, Coinbase or Ripple, they have not only adapted to the new situation in the world. But, in addition, they have managed to prosper by taking advantage of the flexibility of their internal organization, to allow their employees to innovate and create new products and services, Binance being the best example of this dynamic.
Thus, in the last six months we have witnessed the launch of dozens of products and services by the exchange. While they manage to also organize world-class events, and keep the core of their business, the exchange between cryptocurrencies, in optimal conditions. Focusing particularly on providing facilities to convert fiat money into cryptocurrencies, which is why they have added new payment methods on Binance for Argentina.
Binance in Argentina
One of Binance’s main goals is to expand the adoption of cryptocurrencies globally. For which, facilitating the exchange of fiat money for cryptocurrencies is essential. Since, until very recently, this process was quite cumbersome for users unfamiliar with technology or finance. Which kept dozens of potential crypto asset users away.
For this reason, Binance launched its P2P exchange platform. With which they allow people in dozens of countries around the world to easily exchange their cryptocurrencies for fiat money. Thanks to which inhabitants of countries like Venezuela and Argentina, subjected to strong inflation for several years, can exchange the bolivars or pesos they have for more solid virtual currencies such as Bitcoin in a matter of seconds.
This has opened the doors for Binance to a potentially huge market in Latin America. Which the exchange does not seem willing to waste, so it has launched three new payment methods for Argentina. This will allow the inhabitants of the southern country to buy and sell cryptocurrencies for Argentine pesos using their accounts at Mercado Pago, Uala, and Banco Brubank.
With this novelty, Binance would be trying to take the initiative in a market practically unexplored by the crypto industry worldwide. And that it can bring millions of dollars in profit to the exchange if developed properly.