Brazil Expands Pix Instant Payments System to Argentina

Brazil's central bank has extended its Pix instant payments system to Argentina, enabling Brazilians residing there to utilize Pix for purchases and cross-border transfers. According to NS3.AI, Pix serves as a significant crypto onramp in Brazil, backed by major exchanges and wallets. The easing of high inflation and the cessation of currency controls in Argentina are fostering new crypto use cases beyond traditional savings and remittances.