Argentina's second-largest crypto trading platform Lemon has just made a big move—launching the country's first Bitcoin-backed VISA credit card. It sounds very innovative because this solution completely changes traditional financial thinking.
The core concept is this: users don't need to sell their BTC, they can use it as collateral to access financing directly. Traditional financial "tickets" like bank accounts and credit history are not required, which is definitely a benefit for those without a complete financial history.
The initial rules are quite friendly—pledging 0.01 BTC (currently equivalent to about $900) can get a credit limit of 1 million pesos. This means holders can continue to hold Bitcoin and enjoy long-term appreciation while gaining liquidity for daily expenses.
The emergence of this innovative model reflects Latin America's exploration of practical applications for crypto assets. As Bitcoin gradually evolves from a pure investment asset into a financial infrastructure, products like this have emerged accordingly. For those who believe in the long-term value of holding coins, this offers a completely new way to utilize assets.
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MetaMaximalist
· 01-18 00:23
ngl this is exactly the kind of infrastructure we need for mainstream adoption curves to actually flatten the traditional gatekeeping... lemon gets it
Reply0
SlowLearnerWang
· 01-17 21:47
Wait, 0.01 BTC collateral for 1 million pesos? Did they calculate this exchange rate incorrectly... I feel like these numbers are a bit too mystical and off the charts.
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ApeWithNoChain
· 01-15 12:26
Wow, finally someone is using BTC in the right place. You don't have to sell coins to lock in liquidity, this is the real hodl method.
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TeaTimeTrader
· 01-15 03:36
Wow, this gameplay is really awesome. Not selling coins to lock liquidity? Argentina is definitely leading the way this time.
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ChainBrain
· 01-15 03:36
Whoa, 0.01 BTC leverages 1 million pesos? That's an incredible leverage, but you still need to clearly understand the liquidation line.
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MoonRocketTeam
· 01-15 03:33
Wow, isn't this creating a "supply station" for us to hold coins? Just launch directly without throwing coins. This is the correct way of thinking on the chain.
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GasGoblin
· 01-15 03:30
Damn, this is the real use case, unlike some coins that hype up concepts every day.
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ForkItAllDay
· 01-15 03:28
Wow, this is the correct way to use Bitcoin. HODL can also be cashed out for liquidity. Brilliant!
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JustHereForMemes
· 01-15 03:24
This is what Bitcoin is supposed to look like, not just holding and waiting for appreciation.
Argentina's second-largest crypto trading platform Lemon has just made a big move—launching the country's first Bitcoin-backed VISA credit card. It sounds very innovative because this solution completely changes traditional financial thinking.
The core concept is this: users don't need to sell their BTC, they can use it as collateral to access financing directly. Traditional financial "tickets" like bank accounts and credit history are not required, which is definitely a benefit for those without a complete financial history.
The initial rules are quite friendly—pledging 0.01 BTC (currently equivalent to about $900) can get a credit limit of 1 million pesos. This means holders can continue to hold Bitcoin and enjoy long-term appreciation while gaining liquidity for daily expenses.
The emergence of this innovative model reflects Latin America's exploration of practical applications for crypto assets. As Bitcoin gradually evolves from a pure investment asset into a financial infrastructure, products like this have emerged accordingly. For those who believe in the long-term value of holding coins, this offers a completely new way to utilize assets.