The news broke this morning via a tweet from Changpeng Zhao (CZ), the CEO of Binance. After a soft launch to a select audience on July 7 in Argentina, the Binance Card is now available to the general public.
The Binance Card is coming to Argentina
Cryptophiles residing in Argentina now have access to the Binance Card. It will be gradually introduced in different regions of the country, from the coming week. Argentina is the first in Latin America to welcome the exchange’s debit card. It allows Binance customers to make purchases in physical stores or online stores. The only condition is that these merchants accept Visa cards as payment. In addition to allowing the storage of cryptocurrencies, it offers the possibility of quickly converting cryptoassets into fiat currency during payments. What easily democratize the use of this solution.
A cryptocurrency cashback system
To enhance the attractive potential of this crypto card, Binance also offers a system of cash back in BNB. Indeed, the Binance Card allows users to recover up to 8% of the amount paid for each of their purchases. In addition, the funds in question are deposited directly into their wallet without the need for manual intervention. However, purchases eligible for a refund are subject to certain eligibility criteria.
Binance’s popularity within the crypto community is well established. With its Binance Card, the exchange is taking a big step towards the democratization of cryptoassets because it facilitates their integration into the daily life of consumers. It remains to be seen how things will develop in the coming weeks.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
I came to blockchain out of curiosity and stayed with it out of passion. I was amazed by the possibilities it offers through its various use cases. With my pen, I hope to help democratize this technology and show how it can help make the world a better place.