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Argentina’s 50% Inflation Has Crypto Credit Cards Booming

  • Crypto Exchange Lemon Cash to increase issuance to 3 million
  • Holders of the cards get 2% back in Bitcoin after purchases
lemon cards
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With inflation surging at a more than 50% annual rate in Argentina, the cryptocurrency exchange Lemon Cash plans to increase its issuance of Bitcoin rewards cards there to 3 million this year. 

The Visa cards, which convert the necessary amount of the cryptocurrency from the user’s account into pesos to make payments, were first offered by Lemon Cash in November. The company had initially offered 100,000 cards. For each purchase, holders of the cards receive 2% back in Bitcoin.