Binance, the world's leading cryptocurrency exchange, has announced the launch of a prepaid crypto card in Colombia.
This is the third country in Latin America to be granted access to the Crypto Binance Card, after 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 users worldwide.
A press release issued yesterday from Binance officially confirmed the news.
Binance expands its services in Colombia:
Binance is strengthening its services in Latin America.
Binance recently announced the launch of a prepaid crypto card in Colombia, making it the third country in Latin America to have access to the product, after Argentina and Brazil.
This new development allows for real-time conversion to fiat money and tapping into one of the largest crypto markets with high levels of adoption for cryptocurrencies.
This is a major milestone in the journey towards mass acceptance of cryptocurrencies.
The Binance prepaid crypto card, issued by Movii and currently in beta testing, has become a key 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 cryptocurrency when making purchases or paying bills.
In addition, users can benefit from real-time cash transfer at the point of purchase, up to 8% cash back on purchases, and no fees for ATM withdrawals.
