Binance, the world’s leading cryptocurrency infrastructure provider, and Mastercard launch in beta phase a prepaid card in Argentina – „widely available in the coming weeks”

The country is the first in Latin America to have the product, the card is in beta phase and will be widely available in the coming weeks.

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.

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,” according to the press release. 

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.   

“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.” – said Maximiliano Hinz, general director of Binance in Latin America.

Binance plans to continue expanding in new markets as well as providing support for additional cryptocurrencies. More information here. 

__________

*Please note that third-party services and network fees may apply.