Binance Brings Its Prepaid Crypto Card to Colombia

This Friday, Binance revealed that it is bringing its crypto prepaid card to Colombia. The card will be issued by Movii, and usable everywhere Mastercard is accepted. Users in Colombia will be able to make payments with many different cryptocurrencies including some stablecoins and BNB, BTC, ETH, ADA, DOT, SOL, SHIB,  XRP, MATIC, and LINK.

As with similar launches, Binance expressed their hopes the card will help bridge the gap between TradFi and DeFi and lead to increased digital asset adoption. Just two months earlier, in January, the world’s largest cryptocurrency exchange brought its debit card to Brazil. Over the previous months, Binance has been actively pursuing expansion into South America and also launched a similar product in Argentina last summer.