Brazil’s central bank has expanded its Pix instant payments system to Argentina, allowing Brazilians living there to use the service for payments, transfers and purchases across both countries.
The Pix network is widely integrated with crypto platforms and service providers operating in Brazil, including Lemon, Binance Pay, Crypto.com, Mercado Bitcoin and Kraken for fiat on-ramping.
“Argentina recorded 5.4 million crypto app downloads in 2025, with more than 90% corresponding to wallets that implemented Pix payments in Brazil,”
According to Lemon’s State of the Crypto Industry in Latin America 2025 report.
Argentina currently leads Latin America in crypto adoption per capita, while Brazil ranks first in the region for total crypto value received.
The report said Argentina now has roughly four times more crypto users than during the 2021 market cycle, reflecting rapid growth in digital asset usage.
Pix integration has played a key role in driving crypto adoption by allowing users to move funds quickly between traditional banking systems and digital asset platforms.
Inflation in Argentina has begun to ease, falling to about 37% in 2025, though many users continue to rely on cryptocurrencies and stablecoins to hedge against currency volatility.
At the time of reporting, Bitcoin price was $66,246.29.