- Binance is launching bitcoin rewards cards in Argentina.
- The company is working with Mastercard and Credential Payments to provide card issuance and market access.
- Users will get 8% cashback on purchases and free ATM withdrawals.
Argentina will be the first country with access to Binance Card as the product is currently in beta, but there are strong plans to expand in the near future. The card is issued by Credential Payments and will allow new and existing Binance users in Argentina with a national ID to make purchases and pay bills in bitcoin by leveraging Mastercard’s network of over 90 million merchants across the globe. all over the world.
Binance Card users will get up to 8% cashback on purchases while there are no ATM withdrawal fees. For merchants, bitcoins are converted into fiat currency in real time, making the transaction seamless for both the seller and the consumer.
“Payments is one of the first and most obvious use cases for crypto, but adoption still has a lot of room to grow,” said Maximiliano Hinz, general manager of Binance in Latin America.
“By using the Binance Card, merchants continue to receive fiat and users pay with the cryptocurrency of their choice,” Hinz continued. “We believe the Binance Card is an important step forward in encouraging wider crypto use and global adoption, and it is now available to users from Argentina.”
Alternatively, if a user wants to manage their Binance Card on the go, check transaction history or visit customer support, dashboard in the Binance App and on the exchange’s website will allow quick and easy access.
“Our work with digital currencies builds on our strong foundation to allow allowing people to choose and feel secure when shopping and paying.
“Together with our partners, Mastercard has led the payments industry in enabling entry into this exciting new world, helping to bring millions of additional users to cryptocurrencies and digital assets. other digital technologies securely and reliably,” concludes Pimenta.