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South America has come up with a new trick again. An Argentine crypto platform has launched a Bitcoin-backed credit card, and this thing is pretty interesting — you can directly use Bitcoin as collateral to get a credit limit in local currency, without selling your coins.
How does it work? Lock in 0.01 Bitcoin (about $960), and you can get an initial credit limit of 1 million pesos. What does this mean? It means you can hold onto your Bitcoin during a bear market or when optimistic about the future, while also meeting practical spending needs. For users who are firmly bullish on Bitcoin but need liquidity, this is indeed a good option.
This type of product actually reflects a trend: crypto assets are gradually integrating into everyday financial life beyond just investment.