New Card to Arrive for Colombians: Will Return 4x1,000 in Dollars
The Argentine fintech Lemon Cash, which recently consolidated its entry into the Colombian market after a successful $20 million Series B investment round, has taken a bold step to attract local users.
TL;DR
- Lemon Cash is launching its VISA Lemon Card in Colombia, offering cashback in USDC equivalent to the 4x1,000 tax.
- The cashback neutralizes the impact of the financial transaction tax for consumers.
- Users can begin to passively dollarize savings with each purchase.
- The card integrates with the Banco de la República's Bre-B interoperable payment system.
- Users can sign up for a waitlist, with priority access to physical and virtual cards.
- Early registrants before April 6th can enter a draw for prizes and a trip to a Colombian football match.
- Inviting friends to join the waitlist offers chances for additional benefits, such as higher yield rates on crypto deposits.