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<a href="https://www.coingabbar.com/en/user/gabbar-cubs" rel="noopener noreferrer nofollow">Cryptocurrency debit and credit card options</a> are booming in Latam, with two exchanges planning to issue crypto-enabled cards. Ripio, an Argentina-based exchange, and Bitso, a Mexican exchange, both announced the upcoming launch of their cards in collaboration with Visa and Mastercard, respectively, in response to the region’s growing interest in cryptocurrency.The barrier between the crypto market and the regular banking industry is blurring as more financial institutions adopt crypto and provide crypto services to keep their clients in-house. Ripio and Bitso, two major Latam exchanges, have announced the launch of cryptocurrency-enabled cards that will allow their clients to make purchases using their crypto holdings on these platforms.In the case of Ripio, the firm collaborated with Visa to create a globally acceptable prepaid card in order to avoid the complications that credit analysis creates for users seeking to access the instrument. The exchange anticipates that this offering will encourage more individuals to utilize cryptocurrency in their daily purchases and payments.The Visa-based crypto card will give 5% cashback on transactions made until October 31, which will be paid into user accounts. Henrique Teixeira, Ripio’s worldwide head of new business, stated that the exchange expects more than 250,000 customers to use the card by December, despite an investment of about $300,000 in the product.On the other hand, Bitso, one of the largest exchanges in Latin America in terms of volume traded, has also revealed plans to introduce a crypto-enabled card later this year. Bitso’s CEO, Daniel Vogel, believes the crypto winter will end soon, and the creation of this instrument in collaboration with Mastercard demonstrates the company’s confidence in the future of crypto assets.While the launch date has not been announced, the company has stated that there is currently a big queue for this debit card. Vogel indicated that the instrument is designed to assist its customers. He explained:“On payroll days, money enters Bitso and is traded for digital dollars, and we observe that they transfer it back to pesos to complete their payments; we are thrilled to find a latent demand.”Bitso’s card will also give cashback and will be accessible first in Mexico.These launches are in line with what Kaiko, a provider of digital market data, discovered in a recent report, which stated that users in Latam are more interested in real-world applications of cryptocurrency than in trading, with exchanges attempting to reach out to more users with products to that end.Get more crypto related updates:-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Top Cryptocurrency News: The Card Battle Heats Up in Latam, as Two Major Exchanges Announce Crypto-Enabled Cards

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