The news came this morning in a tweet from Changpeng Zhao (CZ), CEO of Binance. Following a soft launch to a select audience on July 7 in Argentina, the Binance Card is now available to the general public.
Binance Card 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, starting next week. Argentina was the first in Latin America to accept the exchange’s debit card. This allows Binance customers to make purchases in physical or online stores. The only condition is that these merchants accept Visa cards as payment. In addition to the ability to store cryptocurrencies, it offers the ability to quickly convert crypto assets into fiat currency at the time of payments. Which easily democratizes the use of this solution.
Cryptocurrency cashback system
To increase the attractive potential of this cryptocurrency card, Binance also offers a BNB cashback system. Indeed, Binance Card allows users to get back up to 8% of the amount paid for each purchase. In addition, the funds in question are credited directly to their wallet without the need for manual intervention. However, eligible purchases are subject to certain eligibility criteria.
The popularity of Binance in the crypto community is well known. With Binance Card, the exchange is taking a big step towards democratizing crypto assets as it makes it easier to integrate them into the daily lives of consumers. It remains to be seen how events develop in the coming weeks.
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I came to blockchain out of curiosity and stayed with it out of passion. I was blown away by the possibilities it offers thanks to the 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.