Dash has partnered with Tauros, the Mexican-based cryptocurrency exchange, to release the first crypto Visa debit card in Latin America, as the offer will initially only be available to Taurus’ customers in Mexico.
It has been reported that the card will work at millions of stores in Mexico by converting crypto funds to pesos using the Tauros mobile app.
However, it will also be capable of conducting online transactions.
En alianza con @Dashpay para traerte por primera vez en México: #CryptoBack® , el único sistema que te recompensa con un 2% en DASH por cada compra que hagas con tu tarjeta física. 💳 Solo Tauros te permite seguir ahorrando, incluso cuando gastas, disponible ahora. pic.twitter.com/xt7hwVsys5 — Tauros (@tauros_io) August 4, 2020
Ernesto Contreras, the Head of Business Development at Dash Core Group, provided more details about the new product, which is the first of its kind in the region.
“The Tauros card is a first in Mexico and the region, and it will also allow for a very easy way in and out of the Tauros ecosystem, which is very important as it adds massive usability to Dash users in the country. The fact that we are giving the opportunity for people to earn DashBack rewards with their card will also give a boost to the crypto ecosystem in Mexico as now anyone can use their pesos, and Hodl Dash.”
Likewise, he added that the recent need for contactless payments helped to accelerate the product offering, as he emphasized the necessity of social distancing, noting that this will be the “new normal after this pandemic.”
.@taurus_io is now offering a Visa crypto debit card backed by @Dashpay for Mexican citizens and legal residents, reports @conexiondigicol https://t.co/kBwFjT2aG9 — Cointelegraph (@Cointelegraph) August 4, 2020
Salvador Melendez, the CEO of Tauros Exchange, believes that the crypto ecosystem in Mexico is interested in a way to spend crypto directly. He stated that “this new world is about freedom.”
Thus, the Dash Core Group recently announced plans to release another update near the end of August.