Binance, a major global cryptocurrency exchange, announced on Thursday the launch of a crypto prepaid card in Argentina through a partnership with Mastercard to bridge the gap between cryptocurrencies and daily purchases.
Argentina is the first country in Latin America to experience the use of this product. The launch of the Binance Card is part of the exchange’s continuous efforts further to develop global cryptocurrency adoption in a tangible manner. The product is in the beta phase and will be widely available in the next few weeks.
According to the announcement, all customers in Argentina with a valid ID will be allowed to access the Binance Card to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at over 90 million Mastercard merchants globally, physical and online.
Cryptocurrencies will be converted to fiat currency in real-time at the point of purchase, and customers earn up to 8% in crypto cashback.
Maximiliano Hinz, the General Director of...
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