In Argentina, Bitcoin is a popular phenomenon, and on July 3, the cryptocurrency saved the country’s Uber service thanks to a collaboration with Xapo.
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Xapo Steps in to Help Argentine Citizens Use Uber
The Argentine government has had issues and ongoing arguments with Uber for quite some time. This comes to light as many jurisdictions around the world have given the company problems. Now, in the city of Buenos Aires, the local officials gave instructions to credit card companies to stop associating with the company’s operations. The courts say Uber does not meet the legal standards to provide the Argentine public with transportation services.
With the Argentine authorities trying to blockade the company’s app and credit card services, the business was left with little resources. That was until Xapo stepped in and offered a bitcoin alternative, which seemed to quell the storm.
Xapo, created by Wences Casares and Federico Murrone, is a bitcoin wallet and debit card provider for everyday cryptocurrency needs. Xapo’s bitcoin-based debit card, fortunately, does not operate locally, and therefore was unable to be blocked in Argentina.
Anni Rautio, heads Xapo’s debit card sector told press during the Argentine Uber