Binance has partnered Mastercard to introduce a Binance card in Argentina for making purchases and paying bills with cryptocurrencies.
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The product is currently in a beta phase and will be widely available in the coming weeks, Binance said. The card is part of Binance’s efforts to boost global cryptocurrency adoption.
Issued by Credencial Payments, the Binance card will allow Binance users in Argentina with a valid national ID to make purchases and pay bills with cryptocurrencies, at over 90 million Mastercard merchants worldwide.
Users can convert their cryptocurrencies to fiat currency at the point of purchase, as well as earn up to 8% in crypto cashback on eligible purchases, Binance said in its statement.
Argentina is the first country in Latin America to have the product.
Binance cardholders can use the card dashboard on the Binance app and website to manage their cards.
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