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A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments.

Argentina's Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin.

A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift.

Bitex chief marking officer Manuel Beaudroit told CoinDesk that the startup believes this marks the first time that a domestic bank has adopted bitcoin for cross-border payments.