Argentina’s first credit card using bitcoin as collateral launched

tldr; Lemon, Argentina’s second-largest cryptocurrency exchange, has launched the country’s first credit card backed by Bitcoin. The Visa card allows users to access peso credit without a bank account or credit history, using Bitcoin as collateral without selling it. Users deposit 0.01 BTC as collateral for a credit limit of $1,000,000 pesos. The card supports over 30 cryptocurrencies and offers commission-free purchases. Maintenance fees apply but can be waived with sufficient spending. Lemon aims to make Bitcoin a practical financial tool.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Nothing says currency / asset / sov (pick your narrative) of the future like one of the world’s most disastrous economies launching a credit card backed by it.