Argentina’s Lemon Launches Bitcoin-Backed Visa Credit Card
Argentina's crypto exchange Lemon has launched a Visa credit card backed by Bitcoin, allowing users to access credit in pesos without selling their BTC holdings. With 5.5 million users, Lemon is the country's second-largest exchange. Users can deposit 0.01 BTC (approx. $900) as collateral to receive a credit limit of 1,000,000 pesos. Bitcoin serves solely as collateral and is not converted. The card also enables commission-free purchases of digital dollars, Bitcoin, Ethereum, and over 30 other cryptocurrencies. Future updates will allow users to customize collateral and credit limits.
TheNewsCrypto01/15 12:17
