Hello. In some South American countries it is very difficult to have a digital card that accepts fiat money that comes from Colombia or Venezuela. I recently found out in the news that Binance announced that Colombia is already available for the use of the prepaid card, well, Colombia is one of the countries in Latin America with the highest adoption of bitcoin and cryptocurrencies.
It sounds logical that Binance decides to expand the offer of its product in the South American continent and today it was the turn of Colombia, which already has a prepaid card to buy with digital assets in more than 90 million businesses around the world. "Thought" How I would like this card to be active in my country Venezuela.
Lately Colombia has been affected by inflation, the basic product is rising little by little every week, something that happens very frequently in Venezuela. Unlike Venezuela, Bitcoin has become an alternative for Colombians who want to protect their money from inflation. constant devaluation of the national currency as discussed above has risen sharply since last year.
In the article published on the Binance website, Colombia passes to be the third country in Latin America that can have the prepaid card service and thus joins Brazil and Argentina with said privilege. I think that Binance's objective is to promote the massive adoption of cryptocurrencies in the South American region and favor the integration of traditional and decentralized finance.
As it says at the top, Binance seeks that its users in Colombia can request the prepaid card with a valid national identity document through the website or directly from the platform with the intention that this is an advance so that more countries begin to trade with your card and cryptocurrencies.
Let's see the process of using the card to pay with Binance Card at a point of sale, an automatic conversion of the chosen cryptocurrency to the national currency must be made, as the Colombian currency is the Colombian peso. to choose Bitcoin, Ethereum or BNB among others, this has to make its convention to the amount requested by the local merchant. The currencies available on the card for conversion are bitcoin (BTC), ether (ETH), BNB, shiba inu (SHIB), XRP, solana (SOL), cardano (ADA), polkadot (DOT), polygon (MATIC) and chainlink (LINK).
Conclusion
This is a first step towards mass adoption in the South American continent. I hope this proposal reaches Venezuela since we do not have a virtual or physical credit card that we can use anywhere in the world. Today it is Colombia's turn. touch venezuela