Brazil Opens up Pix Payments to Brazilians Living in Argentina
Brazil's Pix instant payment system is now accessible to Brazilians residing in Argentina for local and cross-border transactions.Summary
The Central Bank of Brazil has expanded its Pix digital payments system to allow Brazilians living in Argentina to use the service for payments within both countries. Pix is widely accepted by major crypto platforms in Brazil, including Lemon, Binance Pay, Crypto.Com, Mercado Bitcoin, and Kraken. Argentina leads Latin America in per capita crypto adoption, while Brazil leads in total crypto value received, according to a Lemon report. The report noted that Pix integration significantly boosted crypto app downloads in Argentina. Users in high-inflation regions like Latin America often turn to digital assets as an alternative to traditional fiat. Despite inflation declining in Argentina to 37% in 2025, and the removal of currency controls allowing open market dollar trading, the expansion of Pix facilitates easier digital transactions for the large Brazilian expatriate community.
(Source：Cointelegraph)