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.
Mar 2, 2023 at 6:29 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UU5JBJT3ANGN5BMAB2IDZ32QPQ.jpg)
Mexican flag (Unsplash)
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.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/www.coindesk.com/resizer/Ebf3OMCOwTeIXCzvIf9FSIG5458=/arc-photo-coindesk/arc2-prod/public/BRKGVQU6ABGJBIUTXEM3G3Z3HA.jpeg)
Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.