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- Lemon launches Argentina’s first Bitcoin-backed Visa card for peso credit access.
- Users lock 0.01 BTC as collateral and keep their Bitcoin untouched while spending.
- New rollout supports crypto buys, stablecoin payments, and broader adoption plans.
Lemon has introduced Argentina’s first Bitcoin-backed Visa credit card. The product allows users to secure credit in pesos without selling their Bitcoin. The launch aims to turn long-term BTC holdings into practical purchasing power during everyday transactions.
Lemon’s CEO Marcelo Cavazzoli said the company created a simple process for accessing peso-denominated credit. He noted that customers do not need a traditional credit history. Bitcoin serves as the sole collateral in the system.
According to local reports, users must deposit 0.01 BTC as collateral. The amount is roughly $900. It grants a credit limit of one million pesos. The Bitcoin remains untouched and is not sold or converted during the process.
Lemon Expands Access to Crypto-Backed Credit in Argentina
Lemon said the goal is to make crypto participation easier for people across Argentina. The company stated that Bitcoin is kept as a store of value while still enabling access to credit. This approach prevents forced liquidation during volatile market conditions.
The first rollout includes fixed credit limits for simplicity. Lemon plans to add adjustable collateral settings in future updates. Users will also be able to modify their credit limits once the new options go live.
The company is developing support for stablecoin-based dollar purchases. Lemon confirmed that USDC and USDT will be included. These additions aim to expand payment flexibility for users who transact with digital dollars.
Lemon also offers commission-free cryptocurrency purchases. More than 30 assets, including Bitcoin and Ethereum, are available. The no-fee option applies only to buying and does not cover selling or exchanging.
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Users receive early access to new features within the Lemon app. They also gain direct support through Telegram. Portfolio summaries and profit-and-loss reports are part of the included tools.
Rootstock is waiving the maintenance fee for the card during the first three months. After this period, the fee reaches about $7,500 per month. It stays free for users who buy at least $150 in crypto each month.
Lemon users can deposit Bitcoin through Lightning Network, Rootstock, or BNB Chain. They can spend pesos on daily purchases. The card also provides Bitcoin rewards for eligible transactions.
Argentina’s Crypto Market Moves Toward Wider Adoption
Argentina has a strong crypto presence. Analysts say the new card may help convert existing Bitcoin savings into everyday spending activity.
The Central Bank is contemplating updating regulations, potentially permitting banks to buy and sell cryptocurrencies. Local media has reported that the changes could see digital assets become more accessible. The proposed timetable means they could be available by April 2026.
The regulatory response will depend on how the authorities apply the changes, said Bitcoin Argentina President Manuel Ferrari. He emphasized that banking has traditionally been a highly regulated sector. The transition’s innovative approach will ultimately determine its outcome.
Political sensitivity remains high in the country. Javier Milei, the President of Argentina, and his sister have been accused in connection with the failed $LIBRA token. Reports estimate the project’s losses to be between $100 million and $120 million. Despite the investigation, crypto activity in Argentina is strong, and Lemon’s Bitcoin-backed card will further that growth.
Also Read: Pakistan Signs Crypto Deal With World Liberty Affiliate to Explore Stablecoin Payments
