Argentina’s largest private bank enables crypto investments

To combat inflation, Argentina’s largest private bank will soon allow investments in four different cryptocurrencies.

  • Banco Galicia announced via Twitter that it would like to enable its customers to invest in cryptocurrencies in the future.
  • The Argentine private bank added a feature to the investments section of its app that allows users to purchase Bitcoin (BTC), Ether (ETH), USD Coin (USDC) and Ripple (XRP) cryptocurrencies.
  • Other new investment options should also be possible soon.
  • The reason for the introduction of the crypto feature is the ongoing hyperinflation in the South American country: just a few weeks ago, inflation reached a 20-year high.
  • At a hefty 48.41 percent , Argentina ranks seventh among the countries with the highest inflation rates.
  • Banco Galicia will work with Lirium , a cryptocurrency infrastructure company, to facilitate the launch of these new investment vehicles.
5/5 - (3 votes)
SAKHRI Mohamed
SAKHRI Mohamed

The blog of a computer enthusiast who shares news, tutorials, tips, online tools and software for Windows, macOS, Linux, Web designer and Video games.

Articles: 3759

Leave a Reply

Your email address will not be published.