Recently, three Argentine banking associations submitted documents proposing to maintain the "exclusive banking channels for salary and pension payments," sparking strong dissatisfaction from the fintech and crypto industries. The Argentine Fintech Association, representing virtual payment platforms and crypto trading apps, issued a statement condemning the banks' position as misleading and an attempt to block financial innovation.

The Association emphasized that payment security is now regulated and guaranteed, and that the real controversy is not about technological safety but about traditional banks wanting to preserve their 30-year-old monopoly business and billions of users' right to choose. Citing data, the Association pointed out that there are already over 40 million digital accounts with balances in Argentina (roughly equivalent to the national population), and that many users immediately transfer their salaries to wallet platforms to earn daily returns, while traditional salary accounts do not generate interest. To combat high inflation, users are more willing to use wallets. (CriptoNoticias)