Argentina's second-largest digital asset platform Lemon has recently made a major move—launching the country's first Bitcoin-backed VISA card. What does this mean? Users can directly use their BTC as collateral to obtain peso financing, without the need for traditional bank accounts or credit history. Does this sound like a new way to unlock Bitcoin? The initial rules are simple: pledge 0.01 BTC (about $900) to get approximately 1 million pesos in credit limit. This is ideal for investors who are optimistic about Bitcoin's future and need liquidity, as it allows them to retain their digital asset positions while addressing cash needs. This model also reflects the fact that demand for crypto assets in Latin America is indeed different—after all, the limitations of traditional financial penetration have created market gaps for such innovative products.
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pumpamentalist
· 9h ago
Wow, just 0.01 Bitcoin can unlock a credit limit of 1 million pesos? Latin America's finance sector is really taking it to the next level.
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WhaleWatcher
· 9h ago
NGL, this is true financial innovation. Latin America is leading the way, and traditional banks should be worried.
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HashRateHermit
· 10h ago
Wow, just 0.01 BTC can get you a 1 million peso limit? Is this thing real? It feels a bit too good to be true.
Argentina's second-largest digital asset platform Lemon has recently made a major move—launching the country's first Bitcoin-backed VISA card. What does this mean? Users can directly use their BTC as collateral to obtain peso financing, without the need for traditional bank accounts or credit history. Does this sound like a new way to unlock Bitcoin? The initial rules are simple: pledge 0.01 BTC (about $900) to get approximately 1 million pesos in credit limit. This is ideal for investors who are optimistic about Bitcoin's future and need liquidity, as it allows them to retain their digital asset positions while addressing cash needs. This model also reflects the fact that demand for crypto assets in Latin America is indeed different—after all, the limitations of traditional financial penetration have created market gaps for such innovative products.