Lemon has launched Argentina’s first Bitcoin-backed credit card on Visa Inc.’s network, allowing users to make purchases in pesos while holding onto their Bitcoin. This product aims to connect crypto savings with everyday spending, making it available to users without traditional credit histories.
The card facilitates local currency purchases through Bitcoin collateral, keeping investments separate from daily transactions. Initially, Lemon will waive maintenance fees to encourage adoption, and future enhancements will allow customizable collateral options and payments in dollars via stablecoins.
This card launch marks an expansion of Visa’s influence into crypto-linked credit models, positioning it for increased transaction volumes and deeper collaborations as fintechs integrate digital assets into everyday spending.
