- Binance and Mastercard have announced the launch of a prepaid card that will allow Binance users in Argentina to make purchases and pay bills with cryptocurrencies, in more than 90 million merchants that accept Mastercard.
- Binance Card is the result of the exchange’s effort to promote the global adoption of cryptocurrencies in a tangible way by bridging the gap between cryptocurrencies and everyday purchases.
Although we are experiencing an economic crisis worldwide that is raising inflation levels, Argentina has been immersed in an economic crisis for years, leading to a considerable devaluation of its national currency.
This economic situation has made a considerable part of the population look to cryptocurrencies for a refuge to stay afloat in the face of an increasingly weak peso, however, one problem they face is the possibility of using their digital assets to acquire products and services. services, since, although more and more companies accept cryptocurrencies as a payment method, the gap is still very large.
However, this problem may be in the past since Binance and Mastercard have announced the launch of a card that “will allow all new and existing Binance users in Argentina to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at more than 90 million merchants that accept Mastercard around the world, both in physical stores and online.
Binance promotes the global adoption of cryptocurrencies
Binance Card is the result of the exchange’s effort to promote the global adoption of cryptocurrencies in a tangible way by bridging the gap between cryptocurrencies and everyday purchases.and Argentina will be the first country to Latin America have this card which is still in beta phase.
“Payments are one of the first and most obvious use cases for cryptocurrencies, but adoption has a lot of room to grow. Using the Binance Card, merchants continue to receive fiat and users pay in the cryptocurrency of their choice. The Binance Card is a significant step in fostering broader use of cryptocurrencies and global adoption and is now available to users in Argentina.”said Maximiliano Hinz, General Director of Binance in Latin America in a release.
Benefits and uses of Binance Card
In addition to the possibility of being used in more than 90 million businesses, users will be able to earn up to 8% in crypto cash back on eligible purchases and enjoy zero fees* on ATM withdrawals.
In addition, its use will be simple since cardholders will be able to manage accounts through the card panel in the application and the Binance website, as well as consult their transaction history and access customer support through the dashboard. the card.
Users interested in purchasing this product can register through https://www.binance.com/es-AR/cards or the Binance app.
With this announcement, Binance shows its interest in continuing to grow and diversify its services globally.
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