Lemon, Argentina’s second-largest crypto exchange, has launched the country’s first Bitcoin-backed Visa credit card. The card allows users to spend pesos while keeping their Bitcoin holdings untouched, turning long-term savings into everyday purchasing power.
To use the card, customers deposit Bitcoin as collateral. Currently, 0.01 BTC unlocks a peso credit limit of up to one million pesos. The Bitcoin is never sold, helping users protect its long-term value.
The first version of the card comes with fixed limits for safety, but Lemon plans to add more flexible features later. These include adjustable credit limits and support for dollar spending using stablecoins like USDC and USDT.
Argentina already has strong crypto adoption, driven by inflation and currency controls. Experts believe the new card could help bring Bitcoin into daily life. However, political and regulatory uncertainty remains, even as interest in crypto innovation continues to grow across the country.
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