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

key takeaways

  • 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

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

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Trade isn’t war and prosperity isn’t a contest

article-image

Data shows frontrunning has declined on the network compared to last year

article-image

Industry watchers weigh in on what’s coming for bitcoin, M&A and tokenization before the year wraps

article-image

“We are open 24/7/365, but good luck getting an employee to pick up.”

article-image

BitVM3’s “garbled circuit” approach faces critical security and scaling research before it will be practical

article-image

Big blockers wasted a bitcoin fortune trying to prove a point