The FX Infrastructure Company OpenFX announced today the launch of Argentina Peso support on the cross -border payment platform.
This marks the third expansion of OpenFX to Latin America, giving domestic companies faster access to global FX markets, while allowing international businesses to convert coins into Argentina’s pesos in an almost instant way.
The OpenFX move to support the Argentine Peso follows its recent expansion to Mexico, Brazil and US $ 23 million.
“Argentinean businessmen and exporters have proven their durability, hugging innovation, including Stablecoins and Digital Commercial Solutions,” said Prabhakar Reddy, founder and chief executive of OpenFX. “But the global productivity of the country’s businesses is constantly disputed by an outdated financial system that creates uncertainty and traps value.
By unlocking cross -border liquidity, Argentinean companies and organizations negotiating in Argentina can better serve both domestic audiences and global partners, reinforcing them to compete more effectively on the international stage.