Use Mastercard In Argentina To Pay With Litecoin


Michael Miebach the CEO of Mastercard announces the rollout of its partnership with Binance to allow for its customers to pay with Litecoin and other cryptocurrencies at 90M+ stores. This rollout will start in Argentina and expand from there.


Why Argentina? Well, the people there continue to get hit with high inflation.


The annual inflation rate in Argentina accelerated to 71 percent in July of 2022, the highest since 1992.


Argentinians desperately need a currency that can't be debased. Saving, buying, and paying with currencies like Litecoin is a way to opt-out of bad monetary policies.



Sources:

  1. https://www.linkedin.com/feed/update/urn:li:activity:6967849730026446849/

  2. https://www.mastercard.com/news/latin-america/en/newsroom/press-releases/pr-en/2022/august/binance-and-mastercard-launch-prepaid-card-in-argentina-to-bridge-cryptocurrencies-and-everyday-purchases/

  3. https://tradingeconomics.com/argentina/inflation-cpi

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