Argentina’s crypto platform Lemon has launched the nation’s first Visa bank card backed by Bitcoin collateral, permitting customers to entry peso credit score with out promoting their BTC or requiring a checking account or credit score historical past. Clients deposit a small quantity of BTC as collateral and obtain a credit score restrict in pesos, which they will use at retailers worldwide that settle for Visa. The cardboard goals to make Bitcoin financial savings sensible for on a regular basis spending whereas retaining crypto holdings intact and usable by the Lemon app.
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