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Buenos Aires Becomes Crypto Hub as Binance Rolls Out Dollar Wallets and City Deal

November 11, 2025
in Crypto News
Reading Time: 3 mins read
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Buenos Aires Becomes Crypto Hub as Binance Rolls Out Dollar Wallets and City Deal
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  • Binance partners with Buenos Aires government to promote responsible cryptocurrency adoption and blockchain education.
  • A new dollar wallet service allows users to hold USD outside Argentina with a regulated provider.

A formal cooperation agreement has been concluded between Binance, the world’s largest cryptocurrency trading platform, and the governing body of Argentina’s Autonomous City of Buenos Aires. Official documentation detailing this partnership was disseminated by the exchange. This accord establishes a shared initiative focused on fostering secure and measured adoption of digital assets throughout the city.

Primary goals for this strategic collaboration include the advancement of technological innovation, expanded financial inclusion, and comprehensive educational programs within the blockchain sector.

Hernan Lombardi, serving as Minister of Economic Development, elaborated on the administration’s viewpoint. Lombardi communicated that instructional programs and skill development serve as the cornerstone for all economic change. The cooperative effort forms a component of the existing BA Crypto project, a municipal scheme that supports digital currency infrastructure and online economic activity as catalysts for development.

Initiative “Live Crypto in Your City”: Educational Components and Practical Applications

Within the framework of the agreement, Binance and the city government will implement the outreach campaign “Live Crypto in Your City“. This project will primarily aim to inform the population and encourage responsible management of crypto assets among residents. The initiative will incorporate concrete advantages for participants, including commercial discounts when using cryptocurrencies for specific municipal services and selected cultural activities.

The operational plan also includes the deployment of specialized training cycles on blockchain technology, Web3 concepts, and characteristics of cryptocurrencies.

Andrés Ondarra, in his role as General Manager of Binance for Argentina and the Southern Cone, addressed the projections of the agreement. Ondarra determined that this agreement constitutes a structural advance for incorporating blockchain technology into the habitual experiences of citizens.

After much anticipation, we are pleased to offer our users direct access to deposit and withdraw USD — the most widely used currency in global transactions.

Thomas Gregory, Vice President of Fiat at Binance.

The representative added that Binance’s corporate philosophy identifies continuous training and financial accessibility as indispensable supports for a stable and enduring cryptographic environment.

Binance Enables Dollar Service for Argentine Users

Binance activated a service with US dollars for users in Argentina, Colombia, and Mexico. The company presented this functionality on November 5, 2025. The initiative seeks to simplify access to US currency within its ecosystem.

With this new feature, Argentine users can transfer funds in USD via the SWIFT system. Funds can be converted to cryptocurrencies or vice versa immediately. Deposits can also be made using credit or debit cards, along with digital services like Apple Pay and Google Pay.

Thomas Gregory, Vice President of Fiat at Binance, referred to this launch. Gregory expressed that after much anticipation, they are pleased to offer users direct access to deposit and withdraw USD, the most widely used currency globally.

Andrés Ondarra also highlighted the launch. Ondarra pointed out that USD deposits reinforce Binance’s strategy of offering more complete financial solutions. He explained that, following the recent launch of QR code payments, the company continues to expand its portfolio to respond to the daily needs of individuals and institutions, with real improvements in time, cost, and efficiency.


Credit: Source link

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