2026-01-15 10:29:11

Crypto wallet app Lemon has recently made a move in the Argentine market—launching the region’s first Bitcoin-backed Visa credit card. The concept behind this product is quite interesting: users can use Bitcoin as collateral to obtain local fiat currency credit limits for daily spending without selling their BTC savings.

How does it work? It’s quite straightforward—deposit 0.01 Bitcoin as collateral to unlock a credit limit of 1 million Argentine Pesos (approximately $1,035 USD). A key point here is that the pledged Bitcoin will be locked in the system, not sold by the platform, nor converted into fiat currency. In other words, if the BTC price rises later, the gains still belong to you.

This design is attractive to holders—allowing them to flexibly use local currency in daily life without having to liquidate their Bitcoin holdings, finding a balance between crypto assets and everyday payments.

BTC-4,68%

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SeasonedInvestor

· 01-16 20:22

0.01 Bitcoin can be leveraged to $1035. This leverage is crazy. Does Argentina really need so many US dollars? Haha

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DefiVeteran

· 01-16 20:09

Wow, isn't this exactly what I've been wanting? HODL coins can now be used for card payments. Finally, a product has caught on to the idea.

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StakeOrRegret

· 01-15 10:57

0.01 BTC can unlock a million pesos limit? That's an interesting trick, finally someone dares to give Argentina, this inflation hell, some real stuff.

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rugged_again

· 01-15 10:53

This logic is indeed clever. You can cash out fiat without moving your coins, and the key is that when BTC rises, you can still enjoy the gains.

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MEVHunterNoLoss

· 01-15 10:51

Argentina's inflation is so outrageous that exchanging Bitcoin for fiat currency is actually more stable, haha This design is really clever, not only avoiding losses but also allowing spending, and Bitcoin is still appreciating Wait, 0.01BTC for 1 million pesos? Is the exchange rate that favorable? Something feels off This is what Web3 should be doing, truly serving users rather than harvesting profits But how to ensure platform security? What if Lemon encounters issues and doesn't return the Bitcoin?

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governance_ghost

· 01-15 10:39

Someone should have done this earlier. That inflation rate in Argentina, a BTC credit card is basically a lifesaver. But on the other hand, locking in 0.01 BTC for only 1 million pesos? That leverage is a bit conservative. Lemon has indeed identified the pain point this time: holding coins without selling can still spend money, perfect. The key is that if BTC rises, the gains are yours. That's the right way to do it. Forget it, it still depends on how risk control is set up. Will there be forced liquidation in case of overdue?

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