Argentine crypto exchage Lemon has launched the country's first Bitcoin-backed Visa credit card. The card allows users to use Bitcoin as collateral to obtain peso credit without selling their cryptocurrency holdings. According to local media La Nación, users need to lock 0.01 BTC (approximately $960 USD) as collateral to obtain an initial credit limit of 1 million pesos. Lemon plans to allow users to adjust collateral and credit limits in the future and support direct settlement of USD transactions using stablecoins such as USDC or USDT. (Cointelegraph)
Argentine exchange Lemon launches its first Bitcoin-collateralized Visa credit card.
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