In a world where cryptocurrencies are gaining increasing prominence, tools that facilitate their use in everyday life are becoming essential. Lemon Card is one of them. This VISA prepaid card allows users to pay at any store, both in soles and cryptocurrencies, and receive exclusive benefits, such as Bitcoin cashback. How does it work? What are its advantages? In this blog, we'll tell you all about this innovative offering.
What is Lemon App? Lemon is a virtual wallet that allows users to trade cryptocurrencies and access innovative financial services in an easy and accessible way. Founded in late 2019 in Argentina, the app has expanded its presence in Latin America. This app is currently available in Argentina, Brazil, Mexico, Peru, Colombia, Uruguay, and Ecuador, with country-specific features. With this app, in Peru, you can buy, sell, and generate weekly profits in cryptocurrencies. It also allows you to send and receive Peruvian soles and transfer them to other wallets or banks.
What is Lemon Card and how does it work? Lemon Card is a prepaid card that works at any establishment that accepts VISA, whether in Peru or abroad. It is considered the number 1 crypto app in Latin America. Its main attraction in the Peruvian market is that it allows users to pay with soles or cryptocurrencies, providing a modern and flexible financial experience. Additionally, its integration with the Lemon app facilitates expense management and conversion between digital and fiat currencies.
In May 2023, Lemon, an Argentine company, announced its expansion to five additional countries: Mexico, Peru, Colombia, Uruguay, and Ecuador. In this initial phase, users in these countries could access crypto features through the Lemon app, such as commission-free instant transfers, the exchange of more than 20 tokens, and access to DeFi protocols.
Lemon Card's main features: • Accepted at any VISA merchant: You can use it for physical payments, digital platforms, and subscriptions. • Bitcoin Cashback: Receive up to 1% back in BTC (bitcoin) for every purchase made with the card. Virtual and physical card: Activate the virtual card immediately and request a physical card at no additional cost. • No maintenance costs: No hidden fees or monthly fees are charged for its use. • Cryptocurrency payments: Compatible with Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT). • Security and control: Set spending limits, pause the card in case of loss, and analyze your transaction history. • Weekly earnings: Allows you to generate weekly earnings with Lemon Earn. • Real-time: Allows you to see how the market is performing in real time. Other features of Lemon Cash include investing in cryptocurrencies from S/. 1.00, exchanging pesos and cryptocurrencies with other users via P2P, obtaining a free Lemmy NFT, unlocking milestones in the app, and receiving Drops in NFT format. Finally, with Lemon Cash, you can build a digital identity and share a profile.
Benefits of Using Lemon Card 1. Hassle-Free International Payments Being backed by VISA, the Lemon Card allows you to pay anywhere in the world, regardless of whether the purchase is made online or in a physical store. Plus, if you prefer to pay with cryptocurrency, the conversion is automatic at the time of the transaction.
2. Receive Rewards in Bitcoin One of the most striking features of this card is its Bitcoin cashback system. With every purchase you make, you'll receive up to 1% of the transaction back in BTC. This not only encourages the use of cryptocurrency but also allows users to easily accumulate a Bitcoin reserve.
3. Smart Financial Management The card is fully integrated with the Lemon app, allowing users to view their balance in real time, set spending limits, and monitor their transactions. Additionally, you can pause or reactivate the card from the app in case of loss or theft.
4. Accessible to All Unlike other bank cards, the Lemon Card doesn't require a credit history or complicated procedures to obtain one. This makes it an excellent option for people looking for an easy and accessible alternative to manage their money.
Lemon's Expansion in Latin America The launch of the Lemon Card in Peru is part of Lemon's expansion strategy in Latin America. Since its arrival in the country in August 2024, the company has grown rapidly, reaching more than 400,000 validated users in less than seven months. With 33% monthly active users, Lemon has established itself as one of the most promising fintechs in the Peruvian market. To make this expansion possible, Lemon partnered with Pomelo, a company specializing in financial infrastructure. Thanks to this alliance, the company has achieved the issuance of physical and virtual VISA cards, logistical support for distribution, and greater transaction security.
How to Obtain the Lemon Card The process to obtain the Lemon Card is quick and easy. Just follow these steps: Download the Lemon app from the app store. Register and verify your identity with a valid ID. Request the virtual card and activate it instantly. If you want the physical card, you can request it and receive it at your home at no additional cost.
Is Lemon Card Worth Using? If you're interested in cryptocurrencies and looking for a practical way to use them in your daily life, Lemon Card is an excellent option. With its ease of use, Bitcoin rewards system, and VISA compatibility, it has become one of the best options for those who want to integrate cryptocurrencies into their financial lives.
What do you think about paying with cryptocurrencies in physical stores? Do you think it will be a trend in the future? Leave us your comment!
