LatAm List – Public transportation users can now add credit to their SUBE card using cryptocurrency in Argentina. The SUBE card facilitates payment and access to public transportation services within the Buenos Aires metropolitan area and 36 other cities in Argentina.
This option was made possible due to a collaboration between Alto Viaje, a travelcard charging platform, and Bitex, a fintech startup that provides blockchain solutions to Latin America.
The country’s history of financial crises has resulted in a rising demand for cryptocurrency as a safe-haven for people’s savings.
Alto Viaje chooses to work with Bitex for their technology as well as the liquidity the company facilitates.
“From Alto Viaje we want to offer safe and innovative services, the alliance with Bitex allows us to integrate the payment with Bitcoins and new possibilities of financial inclusion for people and companies,” says Luciano Verardo, Director of Alto Viaje.
Read more on The Sociable.