Argentina’s Lemon Launches Bitcoin-Backed Visa Credit Card

TheNewsCryptoPublished on 2026-01-15Last updated on 2026-01-15

Abstract

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.

The crypto exchange from Argentina, Lemon, has rolled out a Visa credit card bonded by Bitcoin, as reported by local news La Nacion on January 14. Lemon has positioned itself as the second-biggest crypto exchange in the country, overseeing 5.5 million users.

The new Bitcoin-supported Visa credit card permits access to financing in pesos without having to sell or trade their BTC holdings. The founder and the chief executive officer of Lemon, Marcelo Cavazzoli, stated officially that they made a simple way to access credit in pesos using Bitcoin as collateral, without requiring a credit history.

How will the card work?

The launch is the initial stage in the product development, with simple mechanisms and a fixed amount. According to the exchange website, the user deposits 0.01 bitcoin as collateral, having over $900 in value at present, and gets a credit card in pesos with a pre-assigned limit of $1,000,000. Just like that, Bitcoin is only held as collateral and is neither sold nor converted.

The CEO also mentioned that Bitcoin is the best store of value made in the history of humanity and the fundamental piece for the new digital economy. Moreover, in the upcoming phase of the project, users will be capable of configuring their own backup and credit limit.

Adding more to this, Lemon is making a solution to permit dollar-denominated purchases to be paid in digital dollars like USDT and USDC stablecoins, as per the announcement. Lemon mentioned that users of the credit card will have commission-free buying of digital dollars, Bitcoin, Ethereum and over 30 cryptos.

Apart from sole benefits, they include early access to new features, a newsletter with market info, and a portfolio summary. In the first three months, the maintenance of the card will be renounced for users who buy more than $150 worth of cryptocurrency per month.

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Related Questions

QWhat is the name of the Argentine crypto exchange that launched a Bitcoin-backed Visa credit card?

ALemon

QHow does the Lemon Bitcoin-backed Visa credit card allow users to access financing in pesos?

AIt allows access to financing in pesos by using Bitcoin as collateral without having to sell or trade the BTC holdings.

QWhat is the required Bitcoin collateral and the corresponding credit limit for the new card, according to the exchange's website?

AThe user must deposit 0.01 bitcoin (worth over $900) as collateral to receive a credit card with a pre-assigned limit of $1,000,000 pesos.

QWhat additional feature is Lemon developing for the card regarding dollar-denominated purchases?

ALemon is developing a solution to allow dollar-denominated purchases to be paid with stablecoins like USDT and USDC.

QWhat benefit do users receive for the first three months if they buy more than $150 worth of cryptocurrency per month?

AThe maintenance fee for the card will be waived for the first three months.

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