Categories: Crypto & Market

A Prepaid Crypto Card For Everyday Purchases In Argentina

(adsbygoogle = window.adsbygoogle || []).push({});

BUENOS AIRES, Argentina, Aug. 6, 2022– Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, and Mastercard announce the launch of Binance Card in Argentina to bridge the gap between cryptocurrencies and everyday purchases.

Argentina is the first country in Latin America to have the product. The Binance Card is part of the company’s ongoing efforts towards furthering global cryptocurrency adoption in a tangible manner. The product is in beta phase and will be widely available in the coming weeks.

The Binance Card issued by Credencial Payments will allow all new and existing Binance users in Argentina with a valid national ID to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at over 90 million Mastercard merchants worldwide, both in-store and online.

Users can enjoy a seamless transaction in which their cryptocurrencies are converted to fiat currency in real-time at the point of purchase, as well as earn up to 8% in crypto cashback on eligible purchases and enjoy zero fees* on ATM withdrawals.

A crypto success

Binance cardholders will be able to manage their cards through the card dashboard on the Binance App and website. Users will also be able to view their transaction history and access customer support via the card dashboard.  

“Our work with digital currencies builds on our strong foundation to enable choice and peace of mind when people shop and pay.

“Together with our partners, Mastercard has been leading the payments industry in enabling entry to this exciting new world, helping bring millions of additional users into crypto and other digital assets in a safe and trusted manner”, says Walter Pimenta, Executive Vice President, Products and Innovation, Mastercard Latin America and the Caribbean.

“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. By using the Binance Card, merchants continue to receive fiat and the users pay in cryptocurrency they choose. We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption and now it is available for users from Argentina”, says Maximiliano Hinz, general director of Binance in Latin America.

/PRNewswire/

(adsbygoogle = window.adsbygoogle || []).push({});
(adsbygoogle = window.adsbygoogle || []).push({});

admin

Recent Posts

US Inflation Has Dropped, Reducing Pressure On The Fed

The headline CPI inflation eased more than expected to +8.5%yoy (Jun-22: +9.1%yoy), below market consensus…

14 hours ago

How New Viruses Will Affect the Lives of 10m Americans

Humans and viral pathogens have co-existed for millennia. Some human viruses are gone as quickly…

2 days ago

Sciwind: Good Results In Ecnoglutide Weight Loss Clinical Trial

Sciwind says mean body weight loss of 9.6% and 9.0% in participants receiving 1.8 mg…

3 days ago

Commercial Production Of Lab-Grown Diamonds To Begin In Singapore

With the fire safety certificate issued by Singapore Civil Defence Force, Asian Eco can commence…

4 days ago

Ruicycle Raises Over RMB 300m In New Funding From Series B

Legend Capital's investments in the carbon-neutral field focus on energy decarbonization, vehicle electrification/intelligence, synthetic biology

4 days ago

New Addition For Talend With Amazon Redshift Serverless Support

Talend's support enables customers to achieve successful business outcomes using healthy data in Amazon Redshift…

4 days ago