Visa announces the launch of its first crypto cards in Latin America. – Latest News

Visa announced a series of crypto cards in partnership with several startups fintech in Latam. The cards will allow users to spend and buy cryptocurrencies where Visa cards are accepted. They will also be able to obtain cashback in cryptocurrency through various fintech partners in the region.

A card to allow easy access to crypto-currencies

A growing number of global payment companies want to combine traditional fiat payments with cryptocurrencies. Visa, a leading payment company, has announced that it has launched the first cryptocurrency card in America Latin. The company has partnered with several startups Latin Americans, including lemon Cash and Satoshi Tango in Argentina, as well as Crypto.com, Alter Bank and Zero bank in Brazil, among others.

Features of the new cards will include:

  • payment with crypto-currencies,
  • purchasing cryptocurrency through Visa-enabled cryptocurrency outlets and
  • receiving cashback in bitcoins.

Indeed, the company aims to make cryptocurrencies accessible to more people through its payments network.

Romina Seltzersenior vice president of product and innovation for Visa Latin America and the Caribbean, said:Lhe crypto ecosystem continues to grow in the region with increased investment, increased consumer adoption, and more crypto-enabled use cases, and we will continue to build on our strong strategy to build the future of crypto and payments for our customers, partners and consumers. »

Read: Bitoasis is reducing its workforce by 5% to manage current market conditions.

Several partnerships with Latin American companies

Visa reported several cases of collaboration with some startups latin americansprimarily referring to the supply of crypto cashback on purchases. This is the case of the company’s alliance with lemon Cash, which Argentinian customers can take advantage of.

Borja Hammer Sewardco-founder of lemon Cash said: In the context of Latin America, cryptocurrencies are a concrete solution to improve people’s lives. At the house of lemon, we want to help drive the cryptocurrency revolution across the region, and we’re offering 2% cashback in Bitcoin for all purchases made with Visa credentials. »

In addition, Crypto.com offers 5% cashback bonuses similar to customers in Brazil, but with higher cashback bonuses. In addition, Visa’s direct rival, Mastercard, has also shown interest in the Latin American market. This after signing a partnership with one of the largest retailers in the region, Mercado Free. It is a collaboration aimed at securing transactions on its cryptocurrency exchanges.

Bonus: ProShares has officially launched the first short term ETF on Bitcoin.

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Visa announces the launch of its first crypto cards in Latin America. – Latest News


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