The card will allow Binance’s customers in Argentina to use Bitcoin (BTC), BNB, and other cryptocurrencies for payments and ATM withdrawals anywhere that accepts Mastercard. Cardholders can also get up to 8% back from several transactions.
According to Binance, the card will be launched in the next few weeks and its owner is only required to have a valid ID card. Payment is the leading application of cryptocurrencies and has limitless growth potential. This launch is an attempt by the company to boost the use of cryptocurrencies globally.
Despite the market slump, reports suggest that many Argentinians will still switch to crypto, and crypto coverage in Argentina has reached 12% – almost twice that of Peru and Mexico.