Cryptocurrency exchange Bybit and financial platform Manteca have introduced a new payment solution for users in Argentina and Brazil, allowing the use of cryptocurrency for purchases.
Launch of the New Payment Solution
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Manteca, a financial infrastructure platform for Latin America, has announced the launch of a new instant payment service. This solution will enable Bybit users to make payments via QR codes in Argentina and through the PIX system in Brazil.
Integration with Manteca’s Infrastructure
Thanks to the integration with Manteca’s technology, Bybit users will be able to pay at any store accepting QR in Argentina or PIX in Brazil using their crypto balances. The conversion to local currency is automatic and occurs in real-time, ensuring fast payments without intermediaries.
Comments from Bybit and Manteca Executives
Patricio Mesri, Country Manager for Spanish-speaking Latin America at Bybit, stated that this launch meets the needs of users wanting to use cryptocurrency in daily life. He emphasized, “This is a key step in building useful crypto services for the local market.” Federico Goldberg, CEO of Manteca, remarked, that Bybit selecting them for this integration is a testament to building world-class technology in the region.
The new service is now available to all Bybit users in Argentina and Brazil and marks a significant step towards the integration of the crypto ecosystem with traditional payment systems in the region.
