Binance and Mastercard joined forces to introduce Binance Card in Argentina. With this launch, the Binance card will enable using cryptocurrencies for daily shopping. Binance has unveiled this card as a part of its existing steps to strongly growing cryptocurrency adoption throughout the world.
Maximiliano Hinz, General Director, Binance, Latin America, commented, “Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. By using the Binance Card, merchants continue to receive fiat and the users pay in the cryptocurrency they choose. We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption and now it is available for users from Argentina”.
All existing and new Argentina-based users of Binance with an authorized national ID can use cryptocurrencies, including BNB and Bitcoin for shopping and bill payments. The Card can be accepted at 90 million Mastercard online and in-store vendors globally. Cryptocurrencies of Binance users can be converted to fiat currency in no time with the moment they shop, and those users can get up to 8% as a crypto cashback on eligible shopping.
Cards of Binance users can be managed using the website card dashboard and the Binance App while also asking for customer support via the card dashboard and viewing the transaction history as well.
Walter Pimenta, Executive Vice President, Products and Innovation, Mastercard, Latin America, and the Caribbean, stated, “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.”