Binance, in collaboration with Mastercard, launched a prepaid rewards card in Argentina to allow people to spend crypto on everyday goods. Users will be able to buy things and pay bills with cryptocurrencies. The Binance Card, issued by Credencial Payments, will bridge the gap between cryptocurrencies and everyday purchases. Argentina is the first country in Latin America to have such a card. It is considered a “hope” because the peso, local fiat currency, suffers from one of the highest levels of inflation in the world. Through the card, Binance is working to drive global cryptocurrency adoption in tangible ways. Additionally, users can enjoy a seamless transaction in which their cryptocurrencies are converted into fiat currency in real time at the point of purchase. They can also earn up to 8% crypto cashback on qualifying purchases and enjoy zero fees on ATM withdrawals. Users can manage their Binance Card through the Card Dashboard on the Binance App and Web Portal. They can view their transaction history and access customer support through the dashboard. Walter Pimenta, executive vice president, products and innovation, Mastercard Latin America and the Caribbean, says he wants to enable choice and peace of mind when people shop and pay.

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