Argentina is suffering from an increasing inflation rate that has reached levels exceeding 100% for the first time in three decades. In an effort to assist local users, digital currency exchange Binance has opened gates to fiat currencies.

Through the application, local users can now add Argentine peso to their Binance wallet and trade in digital currencies, including Bitcoin, Ethereum, BNB, EOS, as well as stablecoins pegged to the dollar such as BUSD and Tether (USDT).

Until recently, Binance had a limited presence in Argentina and did not have peso currency pairs on its digital currency market.

This move by Binance is expected to help local users convert their money into digital currencies and keep them in a secure wallet amid increasing inflation rates.