Bitso launches mastercard-backed crypto card in Mexico
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Loading... - Marilyn Zarate
- 17 Mar 2023
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Bitso, which claims six million users in Mexico, Brazil, Colombia, and Argentina, said more than 100,000 users have already enrolled in a long waiting list to beta test the product.
The card provides clients with a simple way to acquire cryptocurrencies without having to pay fees or navigate the sometimes-complicated onboarding processes at exchanges. The card also offers other benefits such as access to exclusive offers with select merchants and comes with no annual fee or foreign transaction fees.
Bitso lets clients top-up their card with funds through their exchange wallet and then convert their crypto holdings to fiat within seconds, which can be spent at over 90 million Mastercard merchants worldwide. As such, the card doesn’t directly connect to the platform’s customer account. Bitso, whose valuation topped $2.2 billion in 2022, was Latin America’s first crypto unicorn. Read More..
