In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza province can now start paying their taxes with stablecoins such as USDT.
in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies.
In an Aug. 27 statement, the Mendoza Tax Administration described the new crypto payment service as fulfilling"the strategic objective of modernization and innovation," giving"taxpayers different means to comply with their tax obligations."stablecoinsCitizens can pay through the portal on the ATM website using any crypto wallets like Binance, Bybit, and Ripio.
Once the user chooses cryptocurrencies as their payment option, the system sends a QR code, with the equivalent amount of stablecoins converted to pesos by an undisclosed online payment service provider.Another step toward crypto adoption The announcement by the ATM is just the latest in a long line of crypto-related adoptions across Argentina.supporting 14 coins including USDT in Argentina ahead of a wider rollout supporting 90 million online and physical stores.public financial transactions in crypto.
An unstable economy has seen major adoption of cryptocurrencies, especially stablecoins, which escalated in price after theIn emailed statements to Cointelegraph last month, Tether noted that the country has"battled high levels of inflation throughout its history.
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