BitsoPay XBorder is a new tool from Bitso.

It doesn’t matter if you are from Mexico or another country; With it, you can use your balance in cryptocurrencies or fiat to pay in Argentina with QR codes, at the best exchange rate and without cash.

Payment with QR has become very popular in Argentina.

In fact, 59% of the country’s population has used it in the last year, more than other options such as biometrics or contactless cards.

This translates into more and more businesses adopting this means of payment, which is now also available to foreigners!

Do you want to know everything about this tool that allows you to save and travel? Today we will tell you what bitsopay xborder is and what it is for, and also:

  • What are the challenges of traveling and paying in Argentina?;
  • How to use BitsoPay XBorder?;
  • BitsoPay XBorder benefits;
  • FAQ —What is BitsoPay XBorder and what is it for;
  • When does BitsoPay XBorder come out?

What are the challenges of traveling and paying in Argentina?

If you travel to Argentina regularly, you know that there is an official exchange rate. Currently, you can get almost $150 ARS with $1 USD.

This is a disadvantageous situation for any foreigner.

As a consequence of inflation, the true market value of the Argentine pesos with respect to other currencies varies constantly.

Today, $1 USD can earn you approximately $275 ARS – almost double the official rate.

Also, when you use international debit/credit cards in the country, or change your cash in one of the official financial institutions, the change is made at the official rate and you lose a lot.

Even if this doesn’t cause you major problems, carrying a lot of cash around can be inconvenient, and even risky in some cases.

It is there where BitsoPay XBorder comes into action, the tool that is used to pay in QR and at the true market rate.

Go to Bitso’s Official Website

How to use BitsoPay XBorder?

BitsoPay XBorder is easy to use. You already know what it is and what it is for, now follow this step by step to start using it:

  1. Enter the “Pay with QR” function. To do this, you must have the app on your mobile device.
  2. Scan the QR code with which you will make the payment. Make sure that it belongs to the interoperable list of QRs approved by the Central Bank of the Argentine Republic.
  3. Select the digital asset from your wallet with which you want to make the payment –regardless of the option you choose, the conversion will be made to the currency accepted by the merchant.
  4. Confirm the payment. This is done almost immediately, and you will be able to see how much you now have left on your balance!

Open Bitso’s Crypto Account

3 key benefits of BitsoPay XBorder

Stop having trouble when you travel to Argentina, see all the benefits of BitsoPay XBorder:

Offers better exchange rates

Bitso operates in several countries, such as Mexico, Brazil, Colombia and Argentina.

With BitsoPay XBorder you can travel to Argentina and make payments at lower rates within the country.

This means of payment frees you from cash, and allows you to enjoy your time in Argentina while making the most of your funds.

It is practical and easy to use

In Argentina, QR payments are more popular than in the rest of the region – where it barely reaches 34% of the population. Thus, BitsoPay XBorder becomes a very practical resource that is used to make your purchases within the country, save money and better plan your trip.

Provide security to your operations

Bitso is a secure platform to store your funds – not for nothing, more than 5 million users trust it.

Among its security mechanisms, it has:

  • Theft insurance policy provided by Coincover, which applies to all assets within the exchange.
  • Distributed Ledger Technology (DLT ) License, a regulatory framework under which all operations and funds are under constant supervision by the Gibraltar Financial Services Commission.
  • All operations with local currencies are processed by regulated financial institutions in their respective jurisdictions, so you act at all times under the laws that govern Argentina.

Sign up on Bitso for free

FAQ: What is BitsoPay XBorder and what is it for?

What is BitsoPay XBorder and what is it for?
BitsoPay XBorder is the new Bitso function that is used to pay with a QR code in Argentina. Forget about carrying cash and use your cryptocurrency balance in the country’s businesses at the best exchange rate.
What commission does Bitso charge for currency conversion?
BitsoPay XBorder works with super low commissions so that you get the most out of your operations in Argentina. It is 0.6% commission for the conversion to Argentine pesos, digital dollars, bitcoin (BTC), ether (ETH) or DAI.
Who will have access to this new feature?
With the launch of BitsoPay XBorder, all Bitso users in Brazil, Colombia and Mexico will have access to it. It doesn’t matter if you are new or have been on the platform for a long time: the benefits of BitsoPay XBorder will be at your fingertips!
Can I use BitsoPay XBorder in other countries besides Argentina?
At the moment, no. BitsoPay XBorder only works for purchases in Argentina, given the wide adoption of QR codes as a means of payment in the country. If you are passing through other countries, Bitso offers you tools such as the Bitso Card, to get the most out of your account internationally. Do you want to know all the functions? Visit the Bitso site and find out.
When does BitsoPay XBorder come out?
As of October 26 of this year, BitsoPay XBorder and all its utilities will be available to you! If you wanted to travel to Argentina and you weren’t quite sure when and how to do it, Bitso is here to help you. Now that you know what BitsoPay XBorder is and what it is for, download the app and start managing your money like never before!

Go to Bitso’s Official Website