Blockchain & Crypto

Binance & Mastercard introduce crypto-to-fiat payment card

Binance launches a payment card that enables users to convert their crypto holdings into fiat at Mastercard terminals worldwide

Binance Mastercard

Binance & Mastercard introduce crypto-to-fiat payment card. Source:

As reported by Finextra, the card issued by Credencial Payments will allow Binance users to make purchases and pay bills with cryptocurrencies at over 90 million Mastercard merchants worldwide, both in-store and online. The service launches in Argentina and would work for customers with a valid national ID. Later, it will roll out to other markets. 

Cryptocurrencies will be converted to fiat in real-time at the moment of purchase. Besides, cardholders can earn up to 8% in crypto cashback on eligible purchases. Furthermore, withdrawing cash at ATMs is fee-free. 

Binance App and website would provide cardholders with a dashboard to manage their cards, view transaction history and access customer support. 

“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. By using the Binance Card, merchants continue to receive fiat and the users pay in cryptocurrency they choose. We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption."
Maximiliano Hinz
general director of Binance in Latin America


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Nina Bobro

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Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.