BINANCE & MASTERCARD LAUNCH A CRYPTO DEBIT CARD IN ARGENTINA!
WELCOME TO SEPTEMBER, 2022!! This is going to be a September to remember, I know it in my Spirit. Get excited because lots of good things are happening this month; stay tuned!
Today we’re talking about the collab between Crypto giant Binance, and financial service company Mastercard. These 2 giants have launched a Binance card in Argentina to bridge the gap between cryptocurrencies and purchases! Argentina is the first country in Latin America to have this product, and I’m pretty sure there will be other countries in the mix real soon.
The product is in beta phase and will be widely available in the coming weeks, when it does I will let you know. The Binance card will allow users of this card in Argentina (who have a valid national ID) to make purchases and pay their bills with cryptocurrencies including Bitcoin and BNB (BNB is the Binance coin cryptocurrency). These purchases can be conducted at over 90 million Mastercard merchants worldwide, both in-store and online.
The crypto will be converted to fiat currency in real-time at the point of purchase. Users of the Binance/Mastercard card can also earn up to 8% in crypto cashback on some purchases and enjoy zero fees on ATM withdrawals! Sounds like they’ve got a deal! The Executive Vice President of Mastercard Latin America and the Caribbean said this about the collaboration:
"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",
Crypto adoption still has a lot of room for growth; after all, we’re still in the baby stages. But by using the Binance Card, Argentinian merchants will continue to receive fiat at the point of sale, and users can pay in the cryptocurrency of their choice. This is a huge step that is certain to encourage wider crypto use. I’m happy for the users in Argentina, now bring the same thing to the USA!
According to Binance, they plan to continue expansion in new markets and provide support for additional cryptocurrencies. That’s all for now folks, see y’all tomorrow! ✌🏾
Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.