Argentina

An annual inflation rate of 100% is prompting Argentines to increasingly opt for cryptocurrencies.

The governments of Brazil and Argentina will discuss the introduction of a common currency between the two countries.

The public transport system in Argentina, the second largest country in South America, is now officially accepting cryptocurrency payments including Bitcoin (BTC) from passengers and travelers in 37 localities across the country. Passengers can now add credit balance to their SUBE travelcards with digital currency.

LocalBitcoins, a peer-to-peer (P2P) trading platform, hit record-breaking Bitcoin (BTC) trading volumes in Egypt, Argentina and Venezuela in October 2018. In other places such as Croatia and Switzerland, trading volumes have struck annual lows.

Buda.com, a giant cryptocurrency exchange in Colombia in South America banged regulators after three major banks closed up its accounts minus giving an official notice. The crypto-to-crypto exchange has approximately 35,000 verified accounts in Colombia and over 45,000 in Chile, Argentina and Peru.

Popular banking institution Banco Masventas (BMV) has recently announced in a statement that it has enabled customers to use bitcoin as an international payment option. As the bank revealed, clients can send virtual coins to more than 50 countries using Bitex.