Binance and Mastercard launch prepaid card in Argentina to bridge cryptocurrencies and everyday purchases
PR Newswire
05 Aug 2022, 00 GMT+10
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
BUENOS AIRES, Argentina, Aug. 4, 2022 /PRNewswire/ -- 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.
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", said 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", 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. All interested users can now register for the card via https://www.binance.com/es-AR/cards or the Binance App.
*Please note that third-party services and network fees may apply. |
SOURCE Binance
Subscribe and Follow
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More Information
30
℃
Musk's Neuralink to begin trial human brain implants
FREMONT, California: Brain implant company Neuralink announced that it has received approval from US regulators to begin human brain implant ...
Indiana funeral director faces jail after police find unburied bodies
JEFFERSONVILLE, Indiana: Randy Lankford, owner of Lankford Funeral Home and Family Center in Jeffersonville, Indiana, has pleaded guilty to more ...
Judge says school has right to restrict student clothing at graduation
DENVER, COLORADO: A federal judge has ruled that a rural Colorado school district can ban a high school student from ...
Georgian billionaire wins $926 million from Credit Suisse in fraud
ZURICH, Switzerland: In one of the largest legal awards ever against Credit Suisse, the bank was ordered to pay $926 ...
China, South Korea seek to expand cooperation in chip sector
DETROIT, Michigan: Amid broader global concerns over semiconductor chip supplies, sanctions and national security, Chinese commerce minister Wang Wentao said ...
US Air chief General Charles Brown to become Chairman of Joint Chiefs
WASHINGTON D.C.: The White House announced this week that President Joe Biden has chosen US Air Force chief General Charles ...
New baseball stadium in Las Vegas to include retractable roof
LAS VEGAS, Nevada: A bill was introduced in the Nevada Legislature to provide the Oakland Athletics up to $380 million ...
U.S. business seeks to hire teens this summer, offering greater pay
WASHINGTON D.C.: Due to one of the tightest labor markets in decades, teenagers, who have been vital for filling summer ...
Wall Street in disarray as divisions erupt again over debt ceiling
NEW YORK, New York - Republicans were in uproar Tuesday over the deal hammered out by President Joe Biden and ...
Ford, Tesla agree to use Supercharger technology for powering EVs
DETROIT, Michigan: After Ford Motor Co announced an agreement with Tesla to allow autos to be charged using the Tesla ...
Inflation forces Poland to plan raising minimum wage twice in 2024
WARSAW, Poland: Plans are underway in Poland to gradually raise the minimum wage twice in 2024. The wage plan has ...
China's domestic C919's to begin first commercial flight this week
BEIJING, China: China will put into commercial operation its first large passenger airliner, in a bid to challenge western plane ...
