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“Binance Card is now available in Argentina,” Changpeng Zhao, CEO and founder of bitcoin (BTC) and cryptocurrency exchange Binance, tweeted this morning. It is the first country in Latin America where this product comes from.
The employer clarifies that There was a soft launch (good start) Binance Prepaid Card on 7th July, It is the name given to a release targeted for a limited audience.
zhao Information what Maybe next week, Binance Card will reach more people in Argentina, He added that it will be available in more regions soon. To access the Binance Card it is necessary to have a registered account on the Binance exchange.
this prepaid card Allows you to pay at any physical store or online store that accepts MasterCard debit or credit cards, The Binance website states that, with this product, users can hold cryptocurrencies in the Binance Funds wallet and the platform automatically converts them to fiat money when making payments. It works in the same way as other cards already available in Argentina such as Lemon or Belo.
Too, Binance Card offers up to 8% cashback in BNB cryptocurrency for every purchase, The Binance website states: “All eligible purchase refunds are automatically credited to your funds wallet, so you only have to worry about spending your crypto.”
A few weeks ago, Kryptonoticius spoke with Maximiliano Hinz, the General Director of Binance in Latin America. The executive said on that occasion: “We would love to bring Binance Card to Latin America”.,
Binance Card Fees, Limits and Cryptocurrencies
Binance Prepaid Card Allows purchases of 90,000 pesos per day and 360,000 pesos per month, You can withdraw up to 45,000 pesos per day or 180,000 pesos in a month from the ATM.
The first Binance card is free, but if the user needs a replacement, they will have to pay USD 10 towards the issuance cost. A commission of up to 0.9% is charged for each transaction (includes purchases and withdrawals at ATMs). No inactivity or account closure charges,
Cryptocurrencies and tokens with which payments can be made via Binance Card: BNB, Binance USD (BUSD), Tether (USDT), Bitcoin (BTC), SXP, Ether (ETH), Gimbal (ADA), Polcador (DOT), Solana (SOL), Decentraland (MANA) and USD Coin (USDC),
Update 7/24/2022: This article has been updated to add a section on “Binance Card Fees, Limits and Cryptocurrencies”.