menuIcon
$ 102,536.4
BTC
$ 102,536.4
-2.13 %
$ 2,406.12
ETH
$ 2,406.12
-5.37 %
$ 0.7233
ADA
$ 0.7233
-5.38 %
$ 637.98
BNB
$ 637.98
-1.70 %
$ 161.20
SOL
$ 161.20
-6.76 %
Gungun Bhatia
Nov 5, 2022
by Gungun Bhatia

Argentine Fintech Uala Introduces Trading for Bitcoin and Ether

Uala Bitcoin Ether

Table of contents

  1. Consumers Requested Uala to Invest in Crypto
Uala, a neobank in Buenos Aires, has begun introducing trading for Bitcoin and Ether in Argentina. Some consumers have already been given access to the service.

The Uala app allows users to purchase and trade bitcoin and ether, and it will gradually carry out the capability to individuals who register for a waitlist. In addition to Argentina, Uala also makes its application available in Colombia and Mexico, with over 4.5 million users.

Consumers Requested Uala to Invest in Crypto

In a statement, Uala VP of Wealth Management Andres Rodriguez Ledermann stated that for a long time, consumers requested the neobank for the opportunity to invest in cryptocurrency in addition to pesos through the Uala application. The bank will keep striving for financial knowledge and simple, digital access to a diverse range of investment options.

Argentina's yearly inflation rate is nearing close to 100%. Therefore, locals are employing alternative currencies like stablecoins and cryptocurrency-based credit cards to make purchases and save money more effectively. Uala's move is notable in part since banks in Argentina have had difficulty allowing customers to trade cryptocurrencies.

Follow us on: News
Cryptocurrency Ethereum Bitcoin Uala
Argentine Fintech Uala Introduces Trading for Bitcoin and Ether
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.