Lemon, a top crypto platform in Argentina, unveiled the nation’s first Bitcoin-backed Visa credit card on January 14-15, 2026. Users can access credit in Argentine pesos while keeping their Bitcoin as collateral. No need to sell or convert BTC. This addresses economic challenges in Argentina, where inflation and currency devaluation drive people to crypto for stability.

In this groundbreaking phase, users can deposit 0.01 BTC and access up to 1 million Argentine pesos. Lemon holds the BTC as security until the balance is repaid. CEO Marcelo Cavazzoli highlighted the simplicity of accessing credit in pesos using Bitcoin as collateral, bypassing the need for a credit history. Bitcoin is seen as a store of value crucial for the new digital economy.

Argentina has faced severe economic instability, with hyperinflation over 200% annually in 2023-2024. Monthly inflation remains high despite austerity measures and US bailouts. This environment has fueled a shift to hard assets like Bitcoin. Crypto adoption has surged in Latin America, with Argentina ranking second in per-capita usage after Brazil.

Bitcoin has become a preferred store of value in Argentina, surpassing stablecoins and the peso on Lemon’s platform. BTC accounts for about 34.54% of user allocations, reflecting a shift towards using Bitcoin as a hedge against peso volatility. Despite Bitcoin’s volatility, Argentines trust it more than the peso, leading to increased adoption.

The Bitcoin-backed Visa credit card from Lemon aligns with the broader trend of crypto payment adoption. Bitcoin is no longer just a held asset but also a medium of exchange. This innovative product allows users to access credit using Bitcoin as collateral, reflecting the growing utility of cryptocurrencies in everyday transactions.

Read more at Yahoo Finance: Argentina Gets Its First Bitcoin Credit Card