Gone are the days when Buenos Aires users could only pay for the subway with the SUBE card, the rechargeable system used for transportation in Argentina. Starting this week, citizens will be able to access a platform that allows paying with debit and credit cards, and that opens the possibility of paying with Bitcoin or the crypto dollar. The confirmation was given by the head of government of the Autonomous City of Buenos Aires, Jorge Macri, through the social network X.
Source: @jorgemacri/X
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Initially the multipayment system will be available in 81 of the 90 stations of the Buenos Aires subway networkand users will only have to bring their debit or credit card close to the interface of the system installed on each turnstile. In addition, payment can be made with the cell phone as long as it has NFC technology (Near Field Communication). In the future, the platform will be available on the 31 bus lines that circulate through the city.
In the first stage of implementation, users will have the possibility of using Visa and MasterCard cards, including those linked to Cryptocurrency exchange platforms. The system is designed to work offline, offering validation in less than two seconds; In addition, usage limits are established: it is possible to make up to 10 trips per day and a maximum of 4 per hour with the same card. For greater flexibility, it is also possible to make payments using smart watches with NFC technology.
On the other hand, users who have the VISA Lemon Card in physical format They will be able to use cryptocurrencies such as bitcoin or stablecoins USDT and Blockchain/” target=”_blank” rel=”noreferrer noopener”>USDC to pay for your trips, since this card allows you to make payments with crypto assets. In this context, it is important to highlight two details: Lemon offers cumulative incentives to users, such as a percentage of return in pesos through an exclusive Visa promotion, and payments made with cryptocurrencies are rewarded with a percentage of return in bitcoin, the which has a monthly limit and quick accreditation within the application.
With the implementation of the multipayment system in public transportation, Buenos Aires becomes the first city in Argentina to offer this service, also positioning itself as one of the pioneers in Latin America and following in the footsteps of cities such as Rio de Janeiro, New York and Rome.
In dialogue with Radio MiterJorge Macri contributed the following statements: «It is a very important advance not only for reasons of comfort, but because we end the monopoly of the State. This monopoly meant that there was no competition that allows you to travel cheaper today than yesterday, precisely because there are banks that reimburse you for the entire trip and others that offer you an even higher discount than those given by the SUBE card.
Macri highlighted the advantages that the new system offers for tourists: “Not to mention if a Japanese or a German came to the city, it was necessary to explain to them that to travel they had to buy a card and load it, a prehistoric thing”; In addition, the mayor once again emphasized the importance of reducing state exclusivity in public services: “By ending the exclusive control of the State, the system can be more economical without anyone having to subsidize it.”
The breaking of the state monopoly in charging for the transportation service is something that well reflects the climate of free competition that, since his electoral campaign, Javier Milei has promoted with emphasis. Meanwhile, his reforms are attracting the attention of international investors, such as Ricardo Salinas Pliego, who has praised the president’s policies for generating confidence in the markets.
Salinas, a strong defender of bitcoin, shows optimism about the future of Argentina, a country that is currently registering some positive indicators supported by policies such as fiscal austerity and budget surplus. So it reported CryptoNews.
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