Paxful Launches Crypto Credit Cards in Mexico

Paxful has just foiled a cyber attack. Next: Bnext and Paxful conclude a partnership for the benefit of their customers.

Those of Paxful will benefit from the crypto credit cards issued by Bnext, those of the latter will be able to use the cryptos services of Paxful - in short, it's give and take.

crypto debit card: si señor 

lPaxful's peer-to-peer market platform has partnered with the neo-bank Bnext to launch Mexico's first crypto debit card

This partnership will allow Paxful users in Mexico to use their Paxful cryptoskills for card payment at a national or international point of sale and to withdraw cash through an ATM without having to pay commissions.

Bnext customers, on the other hand, will have direct access to the platform to buy or sell cryptos.

Paxful said in a release that Mexico City's strict banking regulations encourage citizens to use cryptos.

The platform cited the example of the Bitso exchange, which reportedly recorded a 342% increase in volume from September 2019 to May 2020.

The big Paxful family

Paxful's CEO, Ray Youseff, believes that this partnership is essential for financial inclusion.

According to him, the aim is to offer a secure alternative banking service to the Mexican population, while at the same time making cryptomoney accessible to a wide public.

Paxful has more than 300 means of payment on its platform. The platform has concluded numerous partnerships with start-ups but also with major cryptos players such as OKEx.

lThe latter has enabled OKEx users to buy Bitcoin (BTC) with nearly 160 fiat currencies including the British pound, the Indian rupee and the Argentine peso.

On December 12, 2020, Binance announced a partnership with Paxful, giving users of the Changpeng Zhao platform the opportunity to also purchase Bitcoin with 167 fiats.

In July 2020, the Cointelegraph Spanish indicates that Colombia, Argentina and Mexico are among the 6 countries with the highest number of cryptomoney users.

Paxful - Bnext: another example of a possible partnership between a crypto platform and a bank - good neo but bank anyway. A crypto credit card remains the easiest way to convert cryptos into fiats. Paxful also shows the need to integrate banking players into the crypto ecosystem so that it can evolve rapidly. Each side then has to make the necessary concessions to make cohabitation possible.