Binance announced the launch of a new prepaid cryptocurrency-linked card, that will allow users to pay with crypto in all merchants accepting standard debit and credit cards in Colombia.
, MATIC, LINK, and other stablecoins, with the user being able to configure which currency will be spent.The card will feature real-time exchange from crypto to fiat currency, allowing users to spend crypto, and merchants to receive fiat instantly. Binance also announced that the prepaid card will feature zero-fee withdrawals in ATMs, offering up to 8% in cashback rewards in selected purchases.While it is still in the beta stages, Binance announced it will be launched to a wider audience soon.
Daniel Acosta, general manager of Binance Colombia, stated:Colombia is a very relevant market for Binance. We believe that offering a Binance card will foster an even broader adoption of cryptocurrencies among Colombians, which will contribute to the development of the blockchain and crypto ecosystem in the country.Colombia is the third country that sees the release of a card product from Binance in Latam.
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