Crypto News

Mastercard is partnering with Binance to launch a new crypto card in this South American country of 47,000,000 people

Leading crypto exchange platform Binance is partnering with financial services giant Mastercard to bring a new crypto card to South America.
The two companies recently announced plans to launch the Binance Card in Argentina sometime in the next few weeks.

Buenos Aires-based fintech Credencial Payments will issue the card, which aims to “bridge the gap between cryptocurrencies and everyday purchases”.

The new product will allow customers to buy goods and services and pay bills with digital assets at more than 90 million Mastercard merchants around the world. The card converts crypto assets directly into fiat currency upon purchase.

This isn’t the first time Mastercard has ventured into the world of crypto. In June, the company allowed users to purchase non-fungible tokens (NFTs) directly with their credit cards without having to buy virtual assets first.

investment tip Mastercard is partnering with Binance to launch a new crypto card in this South American country of 47,000,000 people, Crypto Trading News

In January, Mastercard announced a partnership with leading U.S. crypto exchange platform Coinbase, allowing users to purchase digital collectibles with their credit cards on Coinbase’s NFT marketplace.

Other credit card titans have also recently gotten into the crypto action. In June, reports surfaced that American Express was working to launch its first-ever credit card to offer crypto rewards.

In addition, Visa has partnered with at least 65 crypto platforms, including industry giants FTX, BlockFi, Crypto.com, Coinbase and Binance, allowing consumers to convert and use digital assets to pay for goods and services.

Featured image: Shutterstock/eliahinsomnia

Source: Crypto News Deutsch

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