A local press have reported that the residents in Argentina now are able to utilize their cryptocurrency to pay for public transport in 37 cities in the country. This effort is to bring Bitcoin to the masses and to show one of the many uses of this technology. Also they want to change old structures using technologies such as Blockchain.
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A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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