Binance and Mastercard introduce Binance Card in Argentina

Mastercard and Binance, the world’s largest cryptocurrency exchanges by trading volume, have launched the Binance Card in Argentina to bridge the gap between daily purchases and cryptocurrencies, Coin Journal reports. press release.

Latin America flagship product

This is the first product of its kind in Latin America and is part of Binance’s mission to specifically promote global crypto adoption. Binance Card is currently in beta stage and will be available in the coming weeks.

All owners can pay bills and purchase with virtual currency

Binance cardholders with a valid government ID in Argentina can pay bills and make purchases using cryptocurrencies such as Bitcoin and Binance Coin at over 90 million merchants that accept Mastercard. I can do it.

Users of cards issued by Credential Payments can enjoy a frictionless transaction where virtual currency is converted to fiat currency in real time at the point of sale. There are no fees for withdrawing from your card at an ATM. Third-party service and network charges may apply.

binance card plus

Holders can also earn up to 8% crypto cashback on eligible purchases, access support, check transaction history, and manage their cards via the Binance app and website dashboard .

Walter Pimenta, executive VP of Products and Innovation for Mastercard’s regional offices, said:

Our digital currency commitment is built on a strong foundation of giving people peace of mind and enabling choice when shopping and paying. Mastercard is leading the payments industry by enabling entry into this exciting new space, helping millions of new users to participate in cryptocurrencies and other digital assets in a safe and reliable manner. I’m here.

Maximiliano Hinz, General Director of Binance Office in Latin America, added:

Payments are one of the first and most obvious use cases for cryptocurrencies, but there is plenty of room for adoption. With Binance Card, merchants receive fiat currency. Buyers pay in their chosen cryptocurrency. The Binance Card has proven to be an integral part of the process of facilitating the widespread use and global adoption of cryptocurrencies and is now available to users in Argentina.