Latin American Crypto Exchange Bitso and Mastercard Launch Debit Card in Mexico

Mastercard’s portfolio of crypto partnerships in Latin America also includes Binance, Belo and Buenbit.

AccessTimeIconMar 2, 2023 at 6:29 p.m. UTC
Updated May 9, 2023 at 4:09 a.m. UTC
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Bitso, a leading Latin American crypto exchange, launched a debit card in Mexico in partnership with Mastercard, the company said Thursday.

The exchange launched a progressive rollout for over 100,000 users who had requested the card in Mexico after enabling the card in November for a group of customers to get feedback.

Bitso thus joins Mastercard’s portfolio of partnerships with crypto companies in Latin America, which includes Binance, Belo and Buenbit.

Although Mastercard was reported to be taking a step back in the crypto space, the company recently told CoinDesk it still intends to “work with partners to bring relevant payments solutions and programs to market.” Visa also said that its plans with crypto continue despite the winter.

In addition to Mexico where it started, Bitso also operates in Argentina, Brazil and Colombia, with a total of more than 6 million users and 1,500 institutional clients.

In September 2022, Bitso enabled its users in Argentina to make QR code payments using Argentine pesos, digital dollars, bitcoin, ether and DAI.

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Andrés Engler

Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.


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