Bitcoin P2P marketplace Paxful has just rolled out a crypto debit card in Mexico in partnership with the neobank and Spanish fintech company Bnext.
According to the press release, the launch of this new card will enable Paxful's users in Mexico to spend the cryptocurrencies stored in their accounts in the service through a debit card at any national or foreign point of sale, as well as to withdraw funds from ATMs without any commission.
For their part, the clients of the Spanish neobank Bnext will be able to buy and sell cryptos through Paxful's P2P marketplace.
According to Paxful, strict banking regulations in force in Mexico have led to more and more users showing interest in cryptos, which is reflected in the outstanding increase of 342% in the trading volumes of the crypto exchange Bitso in the country between September 2019 and May 2020.
It must be noted Paxful has over 300 payment methods, being Bnext the last addition.
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