Well I'm not quite sure about the source of the news & validity, if so this will be a massive initiative for adoption of Crypto currency by the other governments & major companies. Since the banks are much afraid & against for this decentralized Blockchain system it was said to be applied more regulations. Security & scaling issues which Blockchain has. Meantime one or two institutions can try out the BITCOIN transactions to attract their clients. But overall it will take some time to adopt BTC widely due to lack of belief in virtual currencies by mass community.

While this is a welcome development, it must be pointed out those from the south American continent who plunge in first will take the biggest cut of the pie and enjoy an overwhelming support over time. the bitcoin is breaking barriers and proving reliable amongst trust worthy, firts rate companies who understand the meaning, purpose and uses of cryptocurrency.

We are talking about cross-border payments here rather than domestic transactions. So, I believe Banco Masventas is adding Bitex to eliminate other partner banks that can help banks reduce costs. However, this is what I assume because the main model of operation and partnership is not available for public viewing. For the time being, payments for imported or exported goods will be impeded as only a few countries legally make bitcoins as payment instruments.

Bicoin Mitchell, I think it's a good thing to approve the banking of the banking era in the upcoming era. I think it will also make it easier for customers and quickly develop into the business world and the world.

As per my experience, for me yes Bitcoin has eliminated all intermediaries for cross border payments except the fact that a person is a internet and bitcoin user but will a bank do the same is a big question mark as banks are guided by central rules and regulations and I think Bitcoin has still not secured that place in the market that it is used by banks.

In Argentina, demand for Bitcoin is increasing day by day. I think the trust in Bitcoin is growing in the face of the economic trend. Bitcoin, especially in countries struggling with inflationary impact, can be a salvation.

So using Bitcoin for money transffer crossborder or not is too easy. Some people still using Western, Paypal or something like that. I can't understand why are they doing that.

I didn't understand this anyone can send bitcoin themselves for any cross border transactions as a payment means then why anyone include bank in these transactions and if bank involved in theses transactions then i think purpose of bitcoin will not fulfilled.

it's huge if in the future all banks also make cross-border payments
i know by using Crypto we become our own bank
but with a bank that provides cross-border payments, it also helps to spread about bitcoin or crypto
so that's good news

It is likely for the banks to create their own cryptocurrency or adopt something that is centralised like ripple protocol. However, accept it or not but decentralization is the future and if banking industry is expecting to survive in the modern world then it has to adopt blockchain technology in some way that will at least have the ability to compete with decentralized cryptocurrencies.