Argentina’s top-ranking banks, Banco Galicia and Brubank have announced plans to let customers make crypto purchases with Bitcoin, ether, and USDC.
The move was reportedly informed by an Argentinian poll which shows that 60% of the respondents need more access to cryptocurrency.
The announcement comes as Argentina turns to the new cryptocurrency sector to solve the skyrocketing inflation rate, which stood at 55% in April.
The South American jurisdiction reportedly has the sixth-largest cryptocurrency adoption rate globally, with data from Statista estimating that 21% of the Argentines use or own assets.
The country’s town of Sorradino bought a mining rig in March with plans to start a mining operation to earn bitcoin and combat the surging inflation.
The mayor of Argentina’s capital city of Bueno Aires, Horacio Rodriguez Larreta recently announced that the city will allow cryptocurrency payments for public financial services.