Today, Binance, the world’s leading crypto exchange platform, announced the launch of its prepaid crypto card in Colombia. This marks the third Latin American country to be granted access to the Binance crypto card, following Argentina and Brazil. This new payment solution allows users to instantly convert digital assets into fiat currency at point-of-sale locations and through online merchants, reaching more than 90 million worldwide. A press release issued today officially confirmed the news.
Binance expands its reach in Colombia with prepaid crypto card
Binance is furthering its mission to bring cryptocurrency into mainstream adoption. Recently, they announced the launch of their prepaid crypto card in Colombia – making it the third Latin American country to have access to this product, following Argentina and Brazil. This new development allows real-time conversion to fiat money and taps into one of Binance’s biggest markets with high crypto adoption levels. This is a major milestone in the journey toward mass crypto acceptance.
The Binance prepaid crypto card, issued by Movii and currently in beta testing, has become an essential part of the company’s strategy to bridge the gap between traditional financial infrastructure and the growing cryptocurrency space. Also, the card is designed to allow new and existing users in the country to use their cryptocurrencies when making purchases or paying bills. Furthermore, users can benefit from real-time fiat conversion at the point of purchase, up to 8% cashback in crypto on select purchases, and no fees on ATM withdrawals.