International Payments in ARS

International payments in Argentine pesos (ARS) currently include only payout services in ARS. The service provides local off-ramps in Argentina to institutional users, enabling them to send money through the local banking circuit using a CBU (Clave Bancaria Uniforme), CVU (Clave Virtual Uniforme), or Alias as the destination.

The International Payments in ARS initiative relies on home-grown API-based services powered by crypto that you can rapidly integrate into your application. As Figure 1 shows, the sender holds crypto funds with an equivalent value in ARS, and Nvio Argentina provides Bitso with the service of transferring this same value to the recipient’s local account.