Cryptos

Binance-Mastercard launch prepaid rewards card in Argentina. – Entmetrics

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Binance, in collaboration with Mastercard, launched a prepaid rewards card in Argentina to allow people to spend crypto on everyday goods. Users will be able to buy things and pay bills with cryptocurrencies. The Binance Card, issued by Credencial Payments, will bridge the gap between cryptocurrencies and everyday purchases. Argentina is the first country in Latin America to have such a card. It is considered a “hope” because the peso, local fiat currency, suffers from one of the highest levels of inflation in the world. Through the card, Binance is working to drive global cryptocurrency adoption in tangible ways. Additionally, users can enjoy a seamless transaction in which their cryptocurrencies are converted into fiat currency in real time at the point of purchase. They can also earn up to 8% crypto cashback on qualifying purchases and enjoy zero fees on ATM withdrawals. Users can manage their Binance Card through the Card Dashboard on the Binance App and Web Portal. They can view their transaction history and access customer support through the dashboard. Walter Pimenta, executive vice president, products and innovation, Mastercard Latin America and the Caribbean, says he wants to enable choice and peace of mind when people shop and pay. He said Mastercard is leading the payments industry in enabling entry into this new existing world. It has helped bring millions more users to crypto and other digital assets in a safe and reliable way. Maximiliano Hinz, Managing Director of Binance Latin America, pointed out that payments are one of the earliest and most obvious use cases for crypto. Its adoption has a lot of room for improvement. Hinz explained that with the Binance Card, merchants will continue to receive fiat and users will pay in the cryptocurrency of their choice. He described Binance Card as an important step to encourage wider use of crypto and global adoption. Additionally, the crypto exchange plans to continue expanding into new markets and provide support for additional cryptocurrencies.

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