Lemon - one of the leading crypto exchanges in Argentina has just entered the traditional financial market with an innovative initiative. They have issued a Bitcoin-collateralized Visa credit card, marking the first product of its kind in the country.
What’s special about it? Users can borrow Peso without having to liquidate their Bitcoin. By locking a minimum of 0.01 BTC (equivalent to approximately 960 USD) as collateral, you can access a line of credit. This is a clever way for Bitcoin holders to leverage their assets while still maintaining their potential growth.
This trend reflects a shift in how crypto exchanges approach financial services—connecting the Web3 world with users’ everyday financial needs.
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SelfStaking
· 01-15 20:10
Wow, finally an exchange dares to play like this. Not selling coins and still borrowing money?
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This is what crypto should look like. Financial freedom starts with never being forced to liquidate.
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0.01 BTC can leverage a credit limit? Lemon's move is pretty clever.
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Wait, is this being launched in Argentina? No wonder, inflation is crazy there. Crypto enthusiasts need to find ways to protect their assets.
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Can they really avoid forced liquidation? Seems risky.
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Amazing, hodlers finally don't have to choose between selling coins and using money.
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One idea, but I'm still a bit worried about this collateral ratio setting. Could it be too aggressive?
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The clash between Web3 and traditional finance—this momentum needs to be maintained.
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TokenUnlocker
· 01-15 20:07
Wow, Argentina's move is really clever. Finally, an exchange thought of this trick—hodl without selling coins and still borrow money. Isn't this exactly what we've been waiting for?
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DeFiAlchemist
· 01-15 19:53
*adjusts alchemical instruments* argentina finally unlocking the transmutation protocol... 0.01 btc collateral for peso liquidity without liquidation? that's the philosopher's stone we've been seeking, ngl
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LiquidityHunter
· 01-15 19:51
0.01BTC collateralized to borrow pesos... You need to consider the interest rate structure over there in Argentina to evaluate the arbitrage opportunity, seems like there's something there.
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FunGibleTom
· 01-15 19:46
Argentina has finally woken up; using Bitcoin as collateral to borrow Pesos—that's the real game.
Lemon - one of the leading crypto exchanges in Argentina has just entered the traditional financial market with an innovative initiative. They have issued a Bitcoin-collateralized Visa credit card, marking the first product of its kind in the country.
What’s special about it? Users can borrow Peso without having to liquidate their Bitcoin. By locking a minimum of 0.01 BTC (equivalent to approximately 960 USD) as collateral, you can access a line of credit. This is a clever way for Bitcoin holders to leverage their assets while still maintaining their potential growth.
This trend reflects a shift in how crypto exchanges approach financial services—connecting the Web3 world with users’ everyday financial needs.