Bitcoin (BTC) P2P market Paxful has partnered with Spanish neobank Bnext to launch its first crypto debit card in Mexico.

The partnership will permit Paxful’s Mexican prospects to make use of their crypto funds to pay with a debit card in any nationwide and overseas point-of-sale, or PoS, and even withdraw money from ATMs with out charges.

Bnext prospects will even have direct entry to the P2P market to purchase and promote crypto. Paxful defined within the announcement that “strict banking laws” in Mexico are encouraging folks to deal with cryptocurrencies, and quoted figures from crypto alternate Bitso that exposed a progress of 342% within the crypto alternate’s quantity in Mexico from September 2019 to Could 2020.

Ray Youseff, CEO and co-founder of Paxful, known as the partnership a vital step in direction of monetary inclusion:

“At Paxful, we’re delighted to have Bnext on board in our mission to convey monetary inclusion nearer. Collectively, we work to supply a protected banking different to the Mexican inhabitants, whereas making cryptocurrency buying and selling extra accessible globally. It is about becoming a member of forces with the correct companions, for the correct causes.”

Bnext is the most recent addition to Paxful’s record of greater than 300 fee strategies, providing Mexican customers the flexibility to purchase and promote Bitcoin and Tether (USDT) on {the marketplace}.

In July, Cointelegraph Spanish reported that Colombia, Argentina, and Mexico are among the many six international locations with essentially the most cryptocurrency customers on this planet.