In a land where the peso flutters like a moth in the wind, Lemon, a digital exchange, has plucked a sliver of Bitcoin’s promise. Users may now trade 0.01 BTC for 1 million Argentine pesos in credit (roughly $700), all without selling their crypto. The first three months? A fee-free honeymoon, courtesy of Rootstock. Lemon boasts this is Argentina’s first such card-a claim that might raise a few eyebrows in a country where “first” often means “let’s try again tomorrow.”
Lemon’s Bitcoin-Backed Visa Card: A New Fruit in Argentina’s Financial Grove
The crypto-linked credit card, once a thorny vine, now bears a peculiar fruit in Argentina.
Lemon, a digital exchange with 5 million users (a number that sounds impressive until you realize it’s just 1% of Argentina’s population), has announced its plunge into the crypto credit market. Their offering? A Visa card that lets BTC holders spend in pesos without parting with their digital gold. A feat akin to baking bread from air, if air had a price tag.
In a press release, Lemon declared this the nation’s first BTC-backed credit card. Users may spend up to 1 million pesos (nearly $700) by staking 0.01 BTC as collateral. A bold move-or as some might say, a gamble dressed in blockchain.
In a later phase, users may tweak collateral and spending limits, turning this card into a tool as versatile as a pocketknife in a world of paper cuts.
The Visa-issued card aims to let BTC holders keep their coins while still splurging on essentials. A modern alchemy, perhaps? Or just a way to avoid the awkward conversation about “selling low.”
Marcelo Cavazzoli, Lemon’s CEO, waxed poetic about the endeavor:
We’ve forged a path where the peso dances on Bitcoin’s shoulders, all without needing a credit score. Bitcoin, after all, is the finest store of value mankind has ever conjured-a digital heirloom for the new economy.”
Rootstock, a protocol that builds apps on Bitcoin’s skeleton, will subsidize maintenance fees for three months. After that, a $5 monthly toll awaits. Because nothing in life is free, not even in the crypto utopia.
Lemon insists Bitcoin is Argentina’s favorite digital savings vessel, outshining even stablecoins and the peso. A claim that might surprise those who’ve watched their savings evaporate like morning dew.
FAQ
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What new fruit has Lemon borne in Argentina’s financial market? A Bitcoin-backed credit card, letting users spend pesos without selling their BTC. A digital magic trick, perhaps?
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How does this crypto-backed credit card function? Stake 0.01 BTC, and you may spend 1 million pesos (about $700). A bet on Bitcoin’s staying power-or a high-stakes poker game.
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What lies ahead for the card? Customizable collateral and spending limits, transforming it from a novelty to a tool. Or as some might call it, “not a pyramid scheme… yet.”
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Why Bitcoin in Argentina? Lemon’s CEO claims it’s the top savings choice, outpacing even the peso. A bold assertion in a land where trust is as scarce as cash. 🤷♂️
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2026-01-16 10:03