Binance and Mastercard have unveiled Binance Card in Argentina, the first country in Latin America to have the product.
With the Binance Card issued by Credencial Payments, new and existing Binance users in Argentina with a valid national ID can make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB.
The card can be used at more than 90 million Mastercard merchants worldwide, both in-store and online. It is in beta phase and will be widely available in the coming weeks.
"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 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", said Maximiliano Hinz, general director of Binance in Latin America.
Binance intends to continue expanding in new markets and providing support for additional cryptocurrencies.
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