PURCHASE, N.Y.—Binance is launching pre-paid card offering cryptocurrency “rewards” on customers’ purchases. The move is in partnership with Mastercard.
“The alliance will see Binance roll out its crypto debit card in Argentina, the first country in Latin America to have the product. The Binance Card allows users in the region with a valid national identity document to make purchases and pay bills with cryptocurrencies,” Finance Feeds reported.
The new offering provides consumers with a simple way to acquire cryptocurrencies without having to pay fees or navigate complicated onboarding processes at exchanges, according to the report.
The card also offers other benefits such as access to exclusive offers with select merchants and comes with no annual fee or foreign transaction fees. Binance debit card works just the same as any other bank card, except it isn’t linked to a mobile banking app, but a crypto wallet.
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