Argentina Gains Access to Brazil's Pix Digital Payment Platform
Brazil's instant payment platform Pix has extended its services to Brazilian citizens residing in Argentina, enabling them to conduct financial transactions across both nations.
On Friday, Banco Central do Brasil announced the expansion of its Pix instant payments platform, enabling Brazilian nationals residing in Argentina to utilize the service for purchasing goods and services, as well as sending payments across both nations.
The instant payments infrastructure operated by Brazil's central bank has gained acceptance among prominent cryptocurrency platforms and service providers conducting business in Brazil for converting fiat currency to crypto. These platforms include the Lemon cryptocurrency application, Binance Pay, Crypto.Com, the Mercado Bitcoin exchange, and the Kraken crypto exchange.
When measured by per capita adoption, Argentina holds the top position in Latin America for cryptocurrency usage, while Brazil leads the region in total cryptocurrency value received, as detailed in Lemon's State of the Crypto Industry in Latin America 2025 report.
The report indicated that Argentina currently has approximately 4x the quantity of cryptocurrency users compared to the 2021 market cycle, and the Latin American region demonstrates about a 3x higher adoption rate when compared to the United States.
The Lemon report also credited the PIX payments infrastructure for driving a substantial increase in user downloads of its cryptocurrency application.
"Argentina recorded 5.4 million crypto app downloads in 2025, with more than 90% corresponding to wallets that implemented Pix payments in Brazil,"the authors of the report said.
Throughout Latin America and other regions experiencing elevated inflation rates, users have increasingly adopted digital assets as a substitute for conventional fiat currencies and the traditional financial infrastructure, which is characterized by comparatively higher transaction costs and the possibility of currency controls.
Inflation is declining in Argentina, but still remains high
In 2025, the Argentine peso achieved its lowest annual inflation rate seen in eight years, with inflation declining to 37%, representing a threefold reduction compared to the previous year, as reported by Lemon.
The Argentine government has additionally eliminated currency controls, permitting residents of Argentina to purchase and sell US dollars in the open market, thereby enhancing economic conditions for individuals living within the country.
Prior to this change, Argentine residents faced prohibitions on buying or selling US dollars, which led to the emergence of a black market for the greenback as well as dollar-pegged stablecoins. According to the report, this improvement in economic policy has created opportunities for new cryptocurrency use cases that extend beyond savings and cross-border remittances.