Argentina’s Largest Private Bank to Offer Bitcoin and Ethereum Trading

Argentina’s largest private bank, Banco Galicia, is offering four different cryptocurrencies—Bitcoin, Ethereum, USD Coin, and XRP to customers.

Buenos-Aires based Banco Galicia confirmed in an emailed statement that it had added those services.

Earlier, screenshots of the buying options were posted on Twitter earlier by bank customers.

Banco Galicia’s Twitter account also responded to clients, confirming the new service: “Yes, we are adding new investment options.”

Banco Galicia also hinted it may add more cryptocurrency options in the future.

One reason crypto is popular in Argentina it because the country has one of the highest inflation rates in the world—year-on-year, it’s currently over 50%, according to the nation’s central bank.