Binance and Mastercard launch prepaid card in Argentina to bridge cryptocurrencies and everyday purchases

Published August 13, 2022, 9:45 AM

by MB Business

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, and Mastercard announced the launch of Binance Card in Argentina to bridge the gap between cryptocurrencies and everyday purchases last week.

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.

 
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