Users of Binance card can earn up to 8% cashback on purchases and bill payments through Mastercard’s vast network of over 90 million merchants worldwide.
Users of Binance card can earn up to 8% cashback on purchases and bill payments through Mastercard’s vast network of over 90 million merchants worldwide.
- Binance is launching a bitcoin rewards card in Argentina.
- The company is partnering with Mastercard and Credential Payments to provide market access and issue the card.
- Users will enjoy 8% cashback on purchases and zero-fee ATM withdrawals.
Binance[1], one of the leading cryptocurrency exchanges, has partnered with Mastercard to launch a rewards card powered by bitcoin and other cryptocurrencies in Argentina, according to a press release[2].
Argentina will be the first country to gain access to Binance Card[3] as the product is currently in a beta phase, but plans to aggressively expand in the near future are imminent. The card is issued by Credential Payments and will allow new and existing Binance users in Argentina with a national ID the ability to make purchases and pay bills with bitcoin by leveraging Mastercard’s network of over 90 million merchants worldwide.
Users of Binance Card will gain up to 8% cashback on purchases while have zero fees for ATM withdrawals. For the merchants, bitcoin is converted into fiat currencies in real time making the transaction seamless for both merchants and consumers.
"Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz, general director of Binance in Latin America.
“By using the Binance Card, merchants continue to receive fiat and the users pay in cryptocurrency they choose,” Hinz continued. “We believe the Binance Card is a significant
