Global cryptocurrency exchange Binance launched a crypto prepaid card in Argentina in partnership with Mastercard, the company announced Thursday.

The product is in beta phase and will be widely available in coming weeks, said Binance – which is headed up by CEO Changpeng Zhao – noting that all exchange customers in Argentina with a valid ID will be allowed access.

Card users will be able to make purchases and pay bills globally with cryptocurrencies at physical and online merchants accepting Mastercard. Crypto will be converted to fiat in real time at point of purchase. Customers can also earn up to 8% in crypto-cash back.

Global cryptocurrency exchange Binance launched a crypto prepaid card in Argentina in partnership with Mastercard, the company announced Thursday.

The product is in beta phase and will be widely available in coming weeks, said Binance – which is headed up by CEO Changpeng Zhao – noting that all exchange customers in Argentina with a valid ID will be allowed access.

Card users will be able to make purchases and pay bills globally with cryptocurrencies at physical and online merchants accepting Mastercard. Crypto will be converted to fiat in real time at point of purchase. Customers can also earn up to 8% in crypto-cash back.