What to Know:
- Binance signs an agreement with Buenos Aires to promote responsible crypto adoption and financial education.
- Binance launches a no-fee QR payment system in Argentina, letting users pay in crypto for everyday purchases.
- Ripio introduces wARS, a peso-backed stablecoin, showing Argentina’s growing push toward DeFi.
Richard Teng, CEO of Binance, announced today that Binance has officially signed an agreement with the government of the City of Buenos Aires. The goal is to bring cryptocurrencies and blockchain technology closer to daily life in Argentina, a country where crypto adoption is already unusually high.
According to Teng, “At Binance, we believe education and financial inclusion are essential pillars for a healthy and sustainable crypto ecosystem and we are determined to support governments in that journey. We are excited to work alongside the City Government to build a more innovative and accessible future for all.”
Why This Matters
Argentina has long been one of the hottest markets in the world for crypto. With inflation so high many Argentinians have turned to digital assets for protection and opportunity. A major crypto-platform partnering directly with a city government signals recognition of that reality and a push to link crypto with real-world everyday use.
This deal suggests Binance wants to do more than just offer an exchange. It wants to become part of the infrastructure of how people pay, save and move money in places like Argentina.
While full details haven’t been released yet, the key themes are education, financial inclusion and everyday use of crypto. Binance and the City of Buenos Aires will work together to raise awareness and educate citizens about cryptocurrencies and blockchain and make crypto tools available in a way that is safe, accessible and useful.
With great satisfaction, yesterday Binance in Latin America signed an agreement with the City of Buenos Aires Government to promote responsible crypto adoption. This agreement represents a fundamental step to bring blockchain technology and cryptocurrencies closer to the daily… pic.twitter.com/Yu3Ls98tJz
— Richard Teng (@_RichardTeng) November 6, 2025
This will also encourage innovation so that crypto isn’t just an investment, but a practical part of life. Teng emphasised that financial inclusion is a big part of the mission.
Payments and Real Use-Cases
The announcement comes on the heels of another move by Binance in Argentina: the launch of a new QR-code payment system. With this system, Argentine users of the Binance app can now scan a QR code at a merchant, pick a cryptocurrency and complete a payment in seconds with no fees.
The app automatically handles the conversion to Argentine pesos so the merchant receives local currency while the user spends in crypto. This kind of practical utility is precisely what drives real adoption using crypto for a coffee, groceries or travel, not just trading it. The fact that this QR payment is available only in Argentina right now shows that Binance sees the country as a key test-bed for “crypto in real life”.
Why Buenos Aires?
Several reports say that Argentina is one of the top countries in the world for using cryptocurrencies. The city government might see this as a chance to get tech companies to invest, make it easier for people to get money, and get involved in the Web3 economy. The deal helps Binance get a stronger foothold in Latin America and make its presence felt there. One thing that happened before: Binance became a strategic partner of the Argentine Fintech Chamber to help the crypto ecosystem in the region.
Interestingly, this week Ripio, Argentina’s leading crypto company, launched wARS, a stablecoin pegged 1:1 to the Argentine peso. wARS is available on Ethereum, Base, and World Chain, offering users a digital version of their national currency for payments, remittances, and savings. The goal, Ripio says, is to “lead the transformation of the financial system in Latin America.” By putting the Argentine peso on-chain, Ripio is giving locals a way to transact, store value, and move money internationally without the restrictions of traditional banking.
Final Word
With this agreement, Binance is signalling a shift: from being an international crypto exchange to becoming a partner in building local crypto infrastructure. For Argentina, especially Buenos Aires, it could mean more tools, more access and maybe a new way for people to use money.
If the deal goes through as planned, it could be a big step toward making crypto a part of everyday life in Argentina and eventually all of Latin America.
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