FX infrastructure company OpenFX today announced the launch of support for the Argentine peso on its cross-border payments platform.

This marks OpenFX’s third expansion into Latin America, giving domestic companies faster access to global FX markets while enabling international firms to convert currencies into Argentine pesos in near-instant fashion.

OpenFX’s move to support the Argentine peso follows its recent expansion into Mexico, Brazil, and USD 23 million funding round led by Accel.

“Argentina’s entrepreneurs and exporters have proven their resilience by embracing innovation, including stablecoins and digital trade solutions,” said Prabhakar Reddy, OpenFX Founder and CEO. “But the global productivity of the country’s businesses is constantly challenged by an outdated financial system that creates uncertainty and traps value. With OpenFX, Argentine companies can compete globally and scale faster with stable, modern infrastructure that makes capital flow as fast as commerce itself.”

By unlocking cross-border liquidity, Argentine companies and organizations transacting in the Argentine peso can better serve both domestic audiences and global partners, empowering them to compete more effectively on the international stage.