The currency of Argentina, Peso, is now being traded on Bitso Exchange, a pioneering cryptocurrency exchange based in Mexico.
Bitso Exchange is Ripple partner platform.
Bitso announced the takeoff of the gateway between Mexico and Argentina via their Twitter official page.
According to them, because Bitso wishes to build bridges, they are building a digital bridge between Mexico and Argentina.
Also, just like their users in Mexico, they desire Argentines to also have a taste of easy, international and clear financial benefits.
The company had started processing payments in various places across the world like the Philippines, Australia, and Mexico.
The corridor between the two nations looks functional as the site for the platform listed the Argentine Peso against bitcoin lately.
Looking elsewhere, other corridors on the platform were reporting on new all-time highs.
According to data shown by Liquidity Index Bot, Ripple’s ODL passage to Australia has been noticing some reasonable rises for some days now with this momentum propelling its liquidity to an all-time high of $5 million.
Another data provider for ODL transactions, Utility Scan has reported the decrease in the US dollar volume active on the platform.
At the back end of last week on 6th February, the volume for the US dollar was just above $9.30 million, however, as per AMB Crypto, it presently is at $1.58 million.
Advantages of the Ripple Payments solution
Ripple payment solutions have enabled banks and payment providers to process cross-border transfers at a low cost.
Ripple is perhaps even better known as a payment settlement, asset exchange, and remittance system.
As regards processing time, ripple payments transactions are confirmed within seconds.
It enables banks, payment providers, digital asset exchanges and corporates to send money globally using advanced blockchain technology.
With its Peer-to-Peer transactions over the internet, it is currently one of the largest global decentralized payment networks.