Argentina’s State Public Transport Card SUBE Accepts Bitcoin

Published at: Feb. 9, 2019

Argentinian state public transport card SUBE (Sistema Único de Boleto Electrónico) can now be topped up using Bitcoin (BTC), Cointelegraph in Spanish reported Friday, Feb. 8.

Alto Viaje, a platform for adding money to SUBE cards, has partnered with Bitex, which provides blockchain-driven financial services to businesses. As a result of the partnership, the SUBE card can now be funded using BTC, via Alto Viaje’s website.

Cointelegraph spoke to Manuel Beaudroit, CMO at Bitex, who said that SUBE — that can be used to travel by train, bus and subway — is used by over seven million people in 37 locations in Argentina. He explained that Alto Viaje has previously  worked with PayPal and Rapipago, an Argentinian digital payments system.

Beaudroit further explained that the main goal of the partnership is to give people wider access to “such a revolutionary technology, as Bitcoin.”

The technology provider behind SUBE is Argentina’s Nacion Servicios S.A., a subsidiary of Banco de la Nación Argentina, the country’s national bank.

As Cointelegraph reported previously, major U.K. public transport provider Go-Ahead Group Plc. has recently partnered with a blockchain startup DOVU to introduce a tokenized rewards system for rail customers. Following the agreement, DOVU will launch a platform, which uses a native  ERC-20 token, DOV, to reward members for sharing their travel data.

Tags
Related Posts
Mass adoption looms as South America's second-largest company accepts crypto payments
On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although the company does not settle property transactions directly, it legitimizes the category as a payment system. The $81 billion retailer is the second largest company in South America and is present in 18 countries, including its three largest markets, Brazil, Argentina, and Mexico. The group also owns Mercado Pago, a digital payments system for online and offline transactions, along with Mercado Envios, a logistics platform that provides fulfillment, warehousing, and shipping services. The current offers include houses, condos, vacant lots, …
Adoption / April 29, 2021
After Multiple False Starts, Venezuela May Have Its First Bitcoin ATM
According to data by Coin ATM Radar, Venezuela has finally gotten its very first Bitcoin ATM. Multiple attempts to install Bitcoin ATM Venezuela’s first crypto ATM was installed on Sept. 10, in the city of San Antonio del Táchira, according to data by Coin ATM Radar, a website that facilitates the online search for the nearest Bitcoin ATM. Latin American firm Panda BTM installed the Bitcoin ATM inside a small convenience store, called Viajes e Inversiones HC. The machine supports cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), and DASH, as well as the official currency of Venezuela and Colombian …
Bitcoin / Sept. 13, 2019
Argentina Settles Export Deal With Paraguay Using Bitcoin
Argentina has settled an export deal with Paraguay in Bitcoin (BTC), Cointelegraph en Español reported on Thursday, Feb. 14. In a reported first for both countries, Paraguay has bought pesticides and fumigation products worth $7,100 from Argentina, using cryptocurrency to settle the deal. The purchase was paid for in BTC and then converted into Argentine peso to settle accounts with the exporter of the agricultural chemicals. To proceed with the payments, Argentina applied to Bitex — a Latin American financial services provider that supports Bitcoin payments. According to the chief marketing office of Bitex, Manuel Beaudroit, the company is a …
Adoption / Feb. 15, 2019
Blockchain.com acquires SeSocio to cement presence in Latin America
Major cryptocurrency wallet and data service Blockchain.com is expanding in Latin America by acquiring SeSocio, a major crypto company based in Argentina. One of the biggest investment platforms in Latin America, SeSocio will now merge with Blockchain.com to help them scale operations across the region, the firm officially announced Nov. 30. As part of the acquisition, 100 SeSocio employees will join Blockchain.com, immediately bringing its global headcount to 400 people. Together, the firms will focus on providing crypto-enabled financial services to the unbanked and underbanked not only in Argentina but also other countries where Blockchain.com operates, including Brazil, Chile, Colombia …
Adoption / Dec. 1, 2021
Fight for Bitcoin: Brazilian UFC star to receive fight earnings in BTC
Ultimate Fighting Championship fighter Matheus Nicolau is the latest world-famous athlete to opt to receive his fight earnings in the largest cryptocurrency, Bitcoin (BTC). The eighth-ranked UFC flyweight fighter, Nicolau received his first salary in Bitcoin on Monday through a deal assisted by Bitwage payroll service, according to a joint announcement shared with Cointelegraph. The Brazilian sportsman has opted to take a paycheck in BTC to hedge against the rising inflation. Nicolau said that earning Bitcoin will help him secure the value of his hard work and not to worry about his money going to waste, adding: “I make my …
Adoption / March 22, 2022