In 37 cities of Argentina, the national users of contactless smart card SUBE (Sistema Único de Boleto Electrónico) will be able to use it for payment in bitcoin for travel on buses, trains, metro and boats. Innovation has emerged through the integration of platforms supported by the company-operator of the Alto Viaje, FINTECH companies Bitex.
In addition to bitcoins for cardholders SUBE also the option to fill it online via PayPal. Minimum amount of BTC is 50 pesos (about $1,32). In the future the system is planned to connect intended for the collection of funds accounts for public and private services and taxes nationwide network of Rapipago.
Recall that in the spring of last year, Argentine Bank Banco Masventas Bank (BMV), in partnership with Bitex has provided customers with the opportunity to conduct international money transfers using bitcoin. Using new technology the entire process of transfer of funds in more than 50 countries of the world is reduced to 24 hours, and the fee per transaction is 3% and VAT.