Lemon Launches Argentina’s First Bitcoin-Backed Visa Card
Lemon, Argentina’s second-largest crypto exchange, launched the first Bitcoin-backed Visa credit card. The new product allows users to access credit in pesos without selling their Bitcoin holdings, aiming to turn long-term BTC savings into everyday spending power.
Marcelo Cavazzoli, Lemon’s founder and CEO, explained, “We created a simple way to access credit in pesos using Bitcoin as collateral, without needing a credit history.”
As per a local report, the card works by depositing a small Bitcoin amount as collateral. Currently, users provide 0.01 BTC—around $900—granting them a credit card with a peso limit of $1,000,000. Importantly, the Bitcoin is never sold or converted, remaining intact as a store of value. Lemon also aims to make crypto participation easier for everyday