Fun

Visa Launches Bitcoin and Crypto Enabled Cards in Latam

News Feed - 2022-06-21 07:06:25

Visa Launches Bitcoin and Crypto Enabled Cards in Latam


Visa, one of the biggest payments companies in the world, has announced the launch of a series of crypto-enabled cards in partnership with several fintech startups in Latam. These cards will allow users to spend crypto, purchase crypto where Visa cards are accepted for such, and also receive crypto cash back through different fintech partners in the region. Visa Provides Fintech Partners With Crypto-Enabled Cards


More global payment companies are taking an interest in mixing conventional fiat payments with more advanced solutions like cryptocurrencies. Visa, one of the leading payments companies, announced last week that it launched its first crypto-enabled cards in Latam, with the idea of enabling more people to use cryptocurrencies through its payments network.


The company partnered with several startups in Latam, including Lemon Cash and Satoshi Tango in Argentina, and other startups including Crypto.com, Alterbank, and Zro Bank in Brazil. The functions that these new cards will feature include paying with crypto, purchasing crypto via Visa-enabled crypto outlets, and also receiving purchase cash back in bitcoin.


About the intention of Visa, Romina Seltzer, senior vice president of products and innovation for Visa Latin America and the Caribbean, stated:


The crypto ecosystem continues to gain momentum in the region with increased investment, more consumer adoption, and more crypto-enabled use cases, and we will continue to build on our strong strategy to build the future of crypto and payments for our customers, partners and consumers. Specific Partnerships


Visa signaled several instances of cooperation with Latam-based startups that refer mostly to the case of offering cash back in crypto for purchases. This is the case of the company’s alliance with Lemon Cash, which enables Argentinian customers to enjoy the aforementioned feature. About this, Borja Martel Seward, Lemon Cash co-founder, stated:


In the context of Latin America, cryptocurrencies are a concrete solution to improve people’s lives. At Lemon we want to contribute to the cryptocurrency revolution throughout the region, and we offer a 2% cash back in Bitcoin for all purchases made with Visa credentials.


Crypto.com is offering similar cash back rewards to its customers in Brazil, but with a higher cash back bounty. Filomena Ruffa, general manager of Crypto.com for Latam, stated:


Through our localized products and the expansion of our card program with cash back benefits of up to 5%, we are offering consumers and businesses in the region different ways to interact and transact with cryptocurrencies.


Mastercard, Visa’s direct rival, has also shown interest in the Latam market, having inked a partnership with Mercado Libre, one of the biggest retailers in the area, to help it secure the transactions on its crypto exchange. Tags in this story Argentina, Brazil, card, Crypto, Crypto.com, latam, lemon cash, VISA


What do you think about Visa’s launch of its crypto-enabled cards in Latam? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet NEWS | 3 hours ago USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged NEWS | 17 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleStudy: Today’s Metaverse Still Not Suited for Remote Work Next articleLBank Exchange Will List MintMe․com Coin (MINTME) on June 22, 2022 Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40%

News Feed

Canadian Musician Grimes Reveals ‘Intergalactic Children’s Metaverse Book’ at Avalanche Summit
Canadian Musician Grimes Reveals "Intergalactic Children’s Metaverse Book" at Avalanche Summit At the Avalanche Summit in Barcelona, the Canadian musician and record producer Gri
Reddit Chooses to Leverage Arbitrum’s Layer-2 Tech With Community Point ETH-Based Tokens
Reddit Chooses to Leverage Arbitrum"s Layer-2 Tech With Community Point ETH-Based Tokens On July 22, developers working on the platform Reddit, the social news d
US Senator Proposes Congress Adopt Cryptocurrency for Payments
US Senator Proposes Congress Adopt Cryptocurrency for Payments U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency
Turner Wright6 hours agoAlex Mashinsky’s jury trial scheduled for September 2024According to a New York court, the former Celsius CEO will remain free on $40 million bail through the legal proceedings.1268 Total views3
Grayscale ETH ETF stems bleeding as activity spikes on Ethereum
Tom Mitchelhill3 hours agoGrayscale ETH ETF stems bleeding as activity spikes on EthereumThe Grayscale Ethereum Trust has posted its first day of zero outflows since its conversion to a spot ETF amid a surge of network a
Turner Wright5 hours agoSEC raises concerns over Coinbase in objection to Celsius restructuring planCoinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reason
XRP Price Set To Resume Upside: Is Momentum Building?
Este artículo también está disponible en español. XRP price is holding gains above the $0.5450 zone. The price seems to be eyeing more gains above the $0.5550 and $0.5650
Are ‘ETF Paper Bitcoins’ Suppressing BTC Prices? Analyst Provides Answers
Este artículo también está disponible en español. In a new YouTube video titled “There Is No ETF Paper Bitcoin,” Fred Krueger, an investor at the crypto hedge
Emergent Games Launches Genesis 0 Cryotag NFTs for MMORPG Resurgence Today
Emergent Games Launches Genesis 0 Cryotag NFTs for MMORPG Resurgence Today press release PRESS RELEASE.Today, Web3 development studio Emergent Games has launched a range of 1,000 li
Crypto Super PACs win big backing candidates in 3 US state primaries
Turner Wright7 hours agoCrypto Super PACs win big backing candidates in 3 US state primariesAfter backing two losing candidates in Arizona primaries on July 30, the crypto-backed Fairshake PAC and its affiliates could cl
Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar
Nouriel "Dr. Doom" Roubini Warns About Demise of US Dollar Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the ris
India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
India"s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules