Binance launches a service that allows you to convert pesos into crypto

It will be through Binance wallets, depositing funds via bank or virtual transfer, as announced by the company in a newsletter


Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, announces the launch of its on-ramp and off-ramp, in Argentina.

The service, offered through a local partner, will allow users to convert Argentine pesos into cryptocurrencies through their Binance wallets, depositing funds via bank or virtual transfer, the company announced in a newsletter.

With this new step, Binance ensures that it reinforces its commitment to bring traditional finance and payments closer to the crypto and blockchain ecosystem, investing in the development of services that respond to the needs of local users, and contributing to the growth of the ecosystem. in the country.

“We are excited about this launch. At Binance, the focus is always on our clients, and we are committed to providing them with the smoothest, most secure and optimized experience”, said Maximiliano Hinz, director of Binance for Latam Cono Sur. “We understand the peculiarities of each country in the region. This new service will allow us to continue working for financial inclusion,” he concluded.

A ramp service allows the exchange of government-issued coins into cryptocurrencies. Since fiat currencies are the most widely adopted form of currency globally, this is the most accessible method of obtaining cryptocurrency, while the off-ramp allows it to be converted to fiat, according to the exchange.

The interest in using cryptocurrencies for everyday transactions is growing day by day worldwide. For this reason, Binance believes that it is important to have a solution that allows exchanging fiat money for cryptocurrencies and vice versa.