Argentina's Mendoza Province Now Accepts Crypto for Taxes and Fees
New Mendoza Tax Authority's crypto payment service was activated on August 24.
New
In another shift towards widespread crypto adoption in Argentina, citizens of the province of Mendoza can now pay government fees and taxes using cryptocurrencies.
In an August 27 statement, the Mendoza Tax Authority (ATM) described the new crypto payment service as fulfilling "the strategic objective of modernization and innovation," giving "taxpayers different ways to comply with their tax obligations".
The service officially started operating on August 24, but at this point it will only accept stablecoins such as Tether (USDT) for tax payment.
Citizens can pay through the portal on the ATM website using any crypto wallet like Binance, Bybit, and Ripio.
Once the user chooses cryptocurrencies as a payment option, the system sends a QR code, with the equivalent amount of stablecoins converted into pesos by an undisclosed online payment service provider.< /p>
When the ATM receives the payment, a receipt is sent to the taxpayer.
Another step towards crypto adoptionThe ATM announcement is just the latest in a long line of crypto-related adoptions across Argentina.
Mastercard announced earlier this month that it would launch a card supporting 14 coins, including USDT in Argentina, ahead of a wider rollout supporting 90 million online and physical stores.
In April, the country's capital, Buenos Aires, announced plans to
New Mendoza Tax Authority's crypto payment service was activated on August 24.
New
In another shift towards widespread crypto adoption in Argentina, citizens of the province of Mendoza can now pay government fees and taxes using cryptocurrencies.
In an August 27 statement, the Mendoza Tax Authority (ATM) described the new crypto payment service as fulfilling "the strategic objective of modernization and innovation," giving "taxpayers different ways to comply with their tax obligations".
The service officially started operating on August 24, but at this point it will only accept stablecoins such as Tether (USDT) for tax payment.
Citizens can pay through the portal on the ATM website using any crypto wallet like Binance, Bybit, and Ripio.
Once the user chooses cryptocurrencies as a payment option, the system sends a QR code, with the equivalent amount of stablecoins converted into pesos by an undisclosed online payment service provider.< /p>
When the ATM receives the payment, a receipt is sent to the taxpayer.
Another step towards crypto adoptionThe ATM announcement is just the latest in a long line of crypto-related adoptions across Argentina.
Mastercard announced earlier this month that it would launch a card supporting 14 coins, including USDT in Argentina, ahead of a wider rollout supporting 90 million online and physical stores.
In April, the country's capital, Buenos Aires, announced plans to
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