What you need to know:
- Binance signs an agreement with Buenos Aires to promote responsible cryptocurrency adoption and financial education.
- Binance has launched a fee-free QR payment system in Argentina, allowing users to pay for everyday purchases with cryptocurrencies.
- Lipio introduces wARS, a peso-backed stablecoin, marking Argentina’s growing commitment to DeFi.
Binance CEO Richard Teng announced today that Binance has officially signed an agreement with the Buenos Aires City Government. The goal is to bring cryptocurrencies and blockchain technology closer to everyday life in Argentina, which already has an unusually high penetration rate of cryptocurrencies.
Teng said, “At Binance, we believe that education and financial inclusion are essential pillars for a healthy and sustainable crypto ecosystem, and we are determined to support governments in their efforts. We are excited to work with the city government to build a more innovative and accessible future for everyone.”
why is this important
Argentina has long been one of the hottest crypto markets in the world. With inflation so high, many Argentines are turning to digital assets for protection and opportunity. Major crypto platforms partnering directly with city governments shows a recognition of that reality and a commitment to connecting crypto with real-world, everyday use.
This deal suggests that Binance wants to do more than just provide an exchange. We want to be part of the infrastructure of how people pay, save and move in places like Argentina.
Details have not yet been announced, but the main themes are education, financial inclusion, and everyday use of cryptocurrencies. Binance and the City of Buenos Aires will work together to raise and educate citizens about cryptocurrencies and blockchain, and make cryptographic tools available in a safe, accessible, and convenient way.
With great satisfaction, yesterday Binance in Latin America signed an agreement with the Buenos Aires City Government to promote the responsible adoption of cryptocurrencies. This agreement represents a fundamental step towards bringing blockchain technology and cryptocurrencies closer to everyday life… pic.twitter.com/Yu3Ls98tJz
— Richard Teng (@_RichardTeng) November 6, 2025
This will also encourage innovation so that cryptocurrencies become a practical part of life, rather than just an investment. Teng emphasized that financial inclusion is a big part of the mission.
Payments and real-world use cases
The announcement followed another move by Argentina’s Binance: the launch of a new QR code payment system. With this system, Argentinian users of the Binance app can now scan a QR code at a merchant, select a cryptocurrency, and complete the payment in seconds without any fees.
The app automatically handles the conversion to Argentine Pesos, so merchants can receive local currency while users spend in cryptocurrency. This kind of practicality is what drives the real adoption of not just trading cryptocurrencies, but using them for coffee, groceries, or travel. The fact that this QR payment is currently only available in Argentina shows that Binance considers the country an important testbed for “real-world cryptocurrencies.”
Why Buenos Aires?
According to several reports, Argentina is one of the top countries in the world for the use of cryptocurrencies. City governments may see this as an opportunity to encourage technology companies to invest, make it easier for people to get funding, and participate in the Web3 economy. This deal will allow Binance to gain a stronger foothold in Latin America and establish a presence there. One thing has happened before. Binance has become a strategic partner of the Argentine Fintech Chamber to support the region’s cryptocurrency ecosystem.
Interestingly, this week, Argentina’s leading cryptocurrency company, Lipio, launched wARS, a stablecoin pegged 1:1 to the Argentine peso. wARS is available on Ethereum, Base, and World Chain and provides users with a digital version of their home currency for payments, transfers, and savings. Lipio said the goal is to “lead the transformation of Latin America’s financial system.” By putting the Argentine Peso on-chain, Lipio offers locals a way to transact, store value, and move funds internationally without the limitations of traditional banks.
last word
The agreement signals Binance’s transition from an international crypto exchange to a partner building local crypto infrastructure. For Argentina, and especially Buenos Aires, that could mean more tools, more access, and perhaps new ways for people to spend their money.
If the deal goes as planned, it could be a major step toward making cryptocurrencies a part of everyday life in Argentina and eventually throughout Latin America.
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