criptoargentina

The real cost of the "first BTC-backed credit card" in Argentina.
Lemon launched what they call the first credit card backed by #Bitcoin in Argentina. The marketing screams freedom, decentralization, future. The numbers tell a different story.
🔴 The "Digital Pawn"
This isn't a traditional credit card. It's a collateral loan: you put your BTC as collateral, they assume ZERO risk. If you don't pay, they liquidate your sats on the spot.
And how much do they charge for that? A CFT that exceeds 100% TNA according to their own legal terms. In a classic brokerage collateral, with the same guarantee scheme, the rate hovers around 25% TNA.

The crypto ecosystem in Argentina continues to advance towards a more direct integration with the local financial system. If recently the option to buy stablecoins from a dollar bank account was enabled, now the circuit is complete: you can now sell cryptocurrencies and withdraw USD directly to your bank account in Argentina.
This means that converting from crypto to banked dollars is now a simpler, faster process with a competitive exchange rate. In a market where the dollar occupies a central place in financial planning, having a direct channel between digital assets and USD in a bank account represents a key tool.