Lemon launches Argentina’s first Bitcoin-backed Visa credit card

Lemon, Argentina's second-largest crypto exchange, has introduced the country's first Visa credit card backed by Bitcoin collateral.

The card allows users to access peso-denominated credit without needing a bank account or credit score.
Users lock 0.01 BTC as collateral and can get a credit line of up to 1 million pesos.
Bitcoin used as collateral remains untouched and isn't converted into local currency.
Future plans include adjusting collateral size and credit limits, and settling purchases with stablecoins like USDC or USDT.

This initiative addresses Argentina's distrust in banks due to frequent peso devaluations, pushing citizens towards crypto as a store of value.

Crypto Adoption in Argentina

Centralized exchange flows in Latin America have increased ninefold over the past three years.
Argentina ranks as the second-largest market for on-chain crypto activity in Latin America.
Nearly 20% of the Argentine population actively uses crypto daily.
Regulatory changes under President Javier Milei show a friendlier stance towards crypto, with new frameworks for service providers and possible bank involvement in crypto services expected by April 2026.