Sirlibz
Paxful, a bitcoin peer to marketplace, has announced its partnership with Spanish Neobank Bnext so that they can jointly launch its first crypto debit card in Mexico.
Paxful Mexican customers will be able to use their crypto funds to pay for goods in any point-of-sale(POS) and even withdrawals of cash from the local ATM’s Via the debit card.
The collaboration will allow Bnext customers to leverage the P2P marketplace by easily accessing Paxful platform to sell and buy cryptocurrencies.
“At Paxful, we are delighted to have Bnext on board in our mission to bring financial inclusion closer. Together, we work to offer a safe banking alternative to the Mexican population, while making cryptocurrency trading more accessible globally. It’s about joining forces with the right partners, for the right reasons.”
Paxful plans on utilizing the benefits of strict banking regulations which has encouraged citizens and individuals in Mexico to focus on crypto. A report from Bitso reportedly revealed that there has been a spike or massive growth up to 342% in the volumes of cryptocurrencies exchanges since September of 2019.
The global P2P marketplace has also added Bnext as one of their latest payment methods in addition to over 300 others. Bnext allows Mexican users to buy and sell Bitcoin and tether (USDT) on the Paxful platforms.
The debit card is to be issued by Bnext although having endorsement from Paxful P2P marketplace.
“At Bnext we are always looking for business partners that provide innovative alternatives to our users and Paxful is one of them, since it allows people to exchange crypto assets in a very interesting way,” says Cristian Huertas, Country Manager for Bnext Mexico.
To celebrate coloration, both companies have set up promotional offers. They also have “the Big three” contest where the top three individuals providing the best Volume gets awarded awarded from a price pool of $600.
