Home Technology Today in Crypto: Binance Launches LatAm Payment Card

Today in Crypto: Binance Launches LatAm Payment Card

Today in Crypto: Binance Launches LatAm Payment Card

Cryptocurrency exchange Binance teamed up with MasterCard to launch its Binance Card in Argentina, the first country in Latin America to have the product.

See also: Binance launches the first LatAm payment card in Argentina

Issued by Credencial Payments, the card allows Binance users in Argentina who have a valid national ID to make purchases and pay bills with cryptocurrencies, including bitcoin and BNB, at merchants Mastercard from all over the world.

Cardholders will be able to manage their cards using the Binance app and website.

Elsewhere in crypto news, cryptocurrency exchange Coinbase works with the asset management giant black rock to give its customers direct access to crypto. The partnership is open to institutional clients of AladdinBlackRock’s end-to-end investment management platform, which will have access to bitcoin through Coinbase Prime.

See also: Coinbase will give BlackRock customers access to crypto

Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s institutional clients who are also Coinbase clients.

Meanwhile, the UK has seen its first major court case against major crypto exchanges, which will result in damages of up to £9.9 billion, a report by International competition policy said.

The claim before the Competition Appeal Tribunal is that holders of Bitcoin SV (BSV) in the UK lost about as much money due to the delisting of BSV by Binance, Bittylicious, Kraken and Shapeshift.

According to the lawsuit, the four exchanges “colluded” to harm BSV’s prospects through delisting. They allegedly did this “deliberately” and were trying to reduce competition with other digital assets.

Kraken and Binance also allegedly caused more damage by forcibly converting BSV into other cryptocurrencies without investors’ consent.

Bitcoin SV is a “full node implementation” that attempts to restore the original bitcoin protocol as it was by the alias “Satoshi” to its first form, according to data from Crypto.com.

The idea is to keep the coin “both stable and able to scale massively”.

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