TechFlow news, January 15 — According to Cointelegraph, Argentine cryptocurrency exchange Lemon has launched a Bitcoin-collateralized Visa credit card, allowing users to lock up Bitcoin as collateral to obtain credit lines in pesos without selling their crypto assets.
By locking 0.01 Bitcoin (approximately $960) as collateral, users can receive an initial credit limit of 1 million pesos. Lemon plans to expand the product's features in the future, enabling users to adjust collateral and credit limits, and eventually settle dollar-denominated purchases directly using USD-pegged stablecoins such as USDC or USDT.
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