Argentinian Banco Masventas (BMV), has announced a partnership Bitex to enable clients to use Bitcoin for international payments as an alternative to SWIFT, according to a Facebook (NASDAQ:FB) post May 21. Bitex is a blockchain-based financial services provider based in Latin America.
According to BMV, the new service allows customers to transfer money from account to account in less time than traditional bank transfers. BMV states that the new service will reduce transfer times by up to 24 hours.