Binance and Mastercard To Bring Streamlined Crypto Payments to Argentina

Argentinians can now earn 8% crypto cashback on eligible purchases

article-image

blockworks exclusive art by axel rangel

share
  • Latin America has one of the highest rates of cryptocurrency adoptions in the world
  • “Payments is one of the first and most obvious use cases for crypto,” the general director of Binance in Latin America said

Centralized crypto exchange Binance and Mastercard are teaming up to offer a new prepaid crypto card in Argentina, with the aim of making crypto payments more accessible in the region.

The card allows Binance users with a valid identification card to use some cryptocurrencies, including bitcoin and Binance’s BNB token, for day-to-day transactions and earn up to 8% crypto cashback on eligible purchases.

Argentina will be the first Latin American country to have access to the product, which is currently in its beta phase. 

“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” Maximiliano Hinz, general director of Binance in Latin America, said in a statement

“We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption and now it is available for users from Argentina,” Hinz said.

The Latin American region has seen high rates of crypto adoption, with recent surveys showing that more than 74% of the population prefers businesses that accept cryptocurrency payments. 

This will not be the first partnership international payments platform Mastercard has made with cryptocurrency companies to expand its footprint in Argentina. The company last year partnered with Argentina- and Peru-based cryptocurrency exchange and cross-border payments platform Buenbit on a prepaid card in cooperation with BKR.

Its competitor, Visa has also been eyeing the region. Recently, partnering up with Lemon, an Argentinian bitcoin exchange to release cards offering a 2% bitcoin cash back option for every transaction.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

The deal integrates Dinero’s staking suite into Plume’s real-world asset platform as it gains SEC transfer agent status

by Blockworks /
article-image

The state’s decision opens staking access to New Yorkers, signaling a regulatory shift toward broader crypto participation

by Blockworks /
article-image

The startup says it aims to rival Stripe and Worldpay by using stablecoins to speed merchant settlements from days to seconds

by Blockworks /
article-image

“S&P 500” for crypto comes as segment gains “established role in global markets,” S&P exec says

article-image

The S&P Digital Markets 50 Index combines 15 cryptocurrencies with 35 crypto-linked companies, offering investors hybrid exposure

by Blockworks /
article-image

Gnosis is betting that openness — not ownership — will define the future of onchain money