Paxful launches crypto debit card in Mexico

The Bitcoin P2P platform established a strategic alliance with the Spanish neobank Bnext to launch the first TDD in cryptocurrencies in this country

Mexico has a new tool for cryptocurrency transactions, following the launch in the country of the Paxful crypto debit card. The Bitcoin P2P platform made this possible after a strategic alliance with the Spanish neobank Bnext.

It was learned that among the benefits that this new card will offer are withdrawals without charges in ATMs of fiat money, purchase and sale of crypto funds, payments in commercial establishments, cancel consumption through points of sale throughout Mexico.

Paxful has indicated that “strict banking regulations” in this nation are encouraging people to trust cryptocurrencies. He mentioned the results of the cryptocurrency exchange Bitso, which has obtained a growth of 342% in Mexico from September 2019 to May 2020.

According to Ray Youseff, CEO and co-founder of Paxful, the partnership is an important step towards financial inclusion. “We are delighted to have Bnext on board in our mission to bring financial inclusion closer,” Youseff stressed.

Likewise, he indicated that they are carrying out joint work in order to make new payment tools available to Mexican customers and make “cryptocurrency trading more accessible worldwide.”


Source: cointelegraph

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