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Argentinian #Crypto #App Lemon Launches Bitcoin-Backed Credit Card
Argentinian #cryptocurrency exchange Lemon has launched a Visa credit card collateralized by Bitcoin, local news La Nación reported is the second-largest #crypto exchange in Argentina, serving over 5.5 million users. The new Bitcoin-backed Visa credit card allows access to financing in pesos without having to sell or convert their $BTC holdings.“We created a simple way to access credit in pesos using #Bitcoin as collateral, without needing a credit history,” said Marcelo Cavazzoli, founder and CEO of Lemon, in an official #rollout is the first stage in the product development, with simple mechanisms and a fixed amount. #crypto