Argentina's second-largest crypto exchange LEMON recently launched something interesting—the first Bitcoin-backed Visa credit card. It's called "interesting" because it indeed breaks some conventions. Users don't need a traditional bank account or a credit history to get a peso credit limit. As long as you hold Bitcoin, you can use it as collateral to obtain a credit limit, and the BTC itself remains in your possession without needing to sell it. In terms of financial inclusion, Argentina's crypto ecosystem has taken a real step forward this time.
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Argentina's second-largest crypto exchange LEMON recently launched something interesting—the first Bitcoin-backed Visa credit card. It's called "interesting" because it indeed breaks some conventions. Users don't need a traditional bank account or a credit history to get a peso credit limit. As long as you hold Bitcoin, you can use it as collateral to obtain a credit limit, and the BTC itself remains in your possession without needing to sell it. In terms of financial inclusion, Argentina's crypto ecosystem has taken a real step forward this time.