Now you can buy cryptocurrencies with credit card in Argentina with SatoshiTango

Key facts

:

  • In addition to this possibility, the new app is easier to use and adds more features.

  • The credit card purchase service will also be launched in other South American countries.

This article contains referral links. Learn more.

Argentina-based cryptocurrency exchange SatoshiTango announced the relaunch of its mobile app. The revamped tool, which will be available for both Android and IOS, will allow users to buy cryptocurrencies and top up their balance on the platform with a credit card in that country.

According to a statement from SatoshiTango, received by CryptoNews, this is the first of several new features that will be reported in the remainder of 2021. For example, the company plans to relaunch its website and add more cryptocurrencies to trade in the future.

Currently, SatoshiTango

supports bitcoin (BTC), ether (ETH), litecoin (LTC), ripple (XRP), DAI (DAI), Bitcoin cash (BCH) and USD Coin (USDC), according to its official site.

SatoshiTango made the announcement of its new app on its Twitter account. Source: Twitter

Furthermore, the write-up details that this updated version of the app “puts the user at the center” and incorporates a new visual look and feel. Thus, it offers a “friendlier and safer” navigation and other features “unique in the market”. The application was also strengthened in terms of development, which will allow for further updates in the future.

SatoshiTango and customer demand

Mariano Craiem, co-founder and CTO of SatoshiTango,

said that his company is the “first in the country” to offer the possibility of buying cryptocurrencies and charging credit cards. This, he detailed, is “one of the most frequent demands of the entire ecosystem”. This functionality will soon also be available in other countries where SatoshiTango operates, such as Chile, Peru, Brazil, Mexico and Venezuela.

The fact that Argentine users are requesting to have the possibility to buy cryptocurrencies with credit cards has its origin in the prohibition to do so abroad. According to Communication “A” 2863 of the Central Bank of the Republic.

Argentina from October 2019, financial institutions in the country must request authorization from this entity before making operations that involve accessing the exchange market with companies abroad.

This, it was believed, could affect the purchase of cryptocurrencies by users, although various actors in the sector confirmed to CriptoNoticias that this is not the case, since for the purchase of cryptocurrencies it is not necessary to access the exchange market.