Binance and Mastercard will launch prepaid crypto cards in Argentina

Binance and Mastercard will launch prepaid crypto cards in Argentina


Major crypto exchange Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina.

In a Thursday announcement, Binance said the card will allow its clients in Argentina to use Bitcoin (BTC), BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted — roughly 90 million merchants globally and online. Argentine cardholders can also earn up to 8% back in cryptocurrency from certain purchases.

According to Binance, the introduction of the card — expected to be “widely available in the coming weeks” — was part of the company’s efforts to further the global adoption of crypto. Residents of Argentina will be the first in the region to have access to the cards, but the crypto exchange

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