Crecy launches the first cryptocurrency-backed credit card in Mexico

Mexicans can put their cryptocurrencies to a new use: using them as collateral for a credit card. This is thanks to the card launched this week by local startup Crecy, developed in collaboration with Pomelo, a payment infrastructure and card issuance company from Argentina. Those who want to obtain it must leave Bitcoin, Ethereum, Solana, Cardano, or Polkadot as collateral and will be able to access a line of credit ranging from 1,000 to 720,000 Mexican pesos (US$50 to US$35,000 approximately).

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Bitso launches crypto payments with QR code in Argentina

September 29, 2022

Argentina is the first market in Latin America where Bitso (Mexican Cryptocurrency Exchange) launches crypto payments through QR codes. This payment method will enable Bitso’s one million users in this country to pay their daily expenses from their apps at any merchant that accepts QR payments. To make a payment, the user can choose between Argentine pesos (ARS), USD stablecoins, Bitcoin (BTC), Ether (ETH), or DAI.

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