CandleFocus Buenos Aires Leads Urban Transit with Blockchain Payment Technologies
2024-12-03
Author: Content Editor
The city of Buenos Aires has implemented a multipayment platform for its public transportation system, allowing commuters to pay with debit and credit cards, as well as cryptocurrencies like Bitcoin and stablecoins such as USDT and USDC. The system is currently operational in 81 out of 90 subway stations and will eventually expand to include all 31 bus lines. The platform accepts various credit and debit cards issued by Visa or MasterCard and cards linked to accounts at major Argentine cryptocurrency exchanges. The technology operates offline and processes transactions within two seconds. The move represents a significant step in integrating cryptocurrency payment solutions into public transport systems and aims to provide a more economical and efficient service. The head of government for Buenos Aires highlighted the reduction of state control and increased convenience for commuters, including full reimbursements and discounts on travel.
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