Overview
- Users lock 0.01 BTC as collateral to access a revolving credit line of up to 1 million pesos, with the Bitcoin kept immobilized and not converted.
- No bank account or credit history is required, and spending is available through the Visa network in local currency.
- Lemon says upcoming phases will let customers adjust collateral and credit limits and enable dollar-priced purchases settled with USDC or USDT.
- Early adopters get a three-month maintenance-fee waiver via Rootstock, after which a monthly fee applies unless usage criteria are met.
- Reported as the first offering of its kind in Argentina, the launch lands as crypto adoption grows and regulators take a friendlier stance, with bank crypto services under review.