BTC-Backed Credit Card Launched in Argentina

RugpullSurvivor · 2026-01-16T14:22:44+00:00

Lemon has launched Argentina’s first Bitcoin-backed credit card to provide financing in pesos for users without credit history. Users must collateralize 0.01 BTC to access credit, and the card offers BTC cashback while simplifying credit access and avoiding traditional banking.

RugpullSurvivor

2026-01-16 14:22:44

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Source: Coinspaidmedia Original Title: BTC-Backed Credit Card Launched in Argentina Original Link: FinTech company Lemon introduced a credit card issued on the Visa network that allows users without a credit history to obtain credit in Argentine pesos secured by BTC.

The Lemon virtual wallet team announced the launch of Argentina’s first Bitcoin-backed credit card. The new product gives users access to financing in the national currency while keeping BTC as a long-term asset and without involving the traditional banking system.

To obtain a Lemon Card, users must post a minimum of 0.01 BTC (~$900) as collateral. At the initial stage, the card’s credit limit will be fixed at 1 million Argentine pesos (~$680) per month. The BTC will be locked as collateral but won’t be sold or converted into fiat. The outstanding balance on the card will be settled at the end of the billing period.

Lemon serves more than 5.5 million users in Argentina.

In addition to its core credit function, the card offers up to 2% cashback in BTC on everyday purchases. Lemon Card also supports USDT, USDC, DAI, and ETH as reserve currencies. Users will be able to preselect their preferred reserve currency and set up automatic debits if the balance in the primary currency is insufficient to complete a payment.

Card servicing will be free for the first three months. After that, the fee will be about 7,500 pesos per month and will be waived for users who purchase more than $150 worth of cryptocurrency per month.

The product is aimed at simplifying access to credit in the absence of a credit history. Marcelo Cavazzoli, Founder and CEO of Lemon, says the company plans to make the collateral amount and credit limit customizable in the future, as well as introduce the ability to settle dollar-denominated transactions using stablecoins.

In December 2025, Banco Central de la República Argentina (BCRA) began developing a regulatory framework that could allow local banks to buy, sell, and custody cryptocurrencies, potentially accelerating the mass adoption of digital assets in the country.

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TradFiRefugee

· 01-16 14:52

Argentina's move is quite bold—using BTC as collateral to mint pesos, even without credit, you can still get on board? This is true financial inclusion, isn't it?

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DuskSurfer