On September 7, the fintech Lemon Argentina reported that now users have the ability to deposit dollars and convert them to USDC to use at their disposal. The transaction commission will be only 2% and in the month of September it will be returned to Lemon users.
People who want to make transfers must already have a Lemon account, so that, based on it, they can create a new USD-USDC account within the same Lemon application. Once the validation is done, the user can access their deposit data.
The minimum commission is USD 2.5, which, during the month of September, will be returned to users who make transfers of at least USDC 10. The USD-USDC account has no maintenance costs.
There is a period of 5 business days to receive the equivalent amount of money deposited in cryptocurrencies, because the application can receive any amount from banking entities and applications that support the ACH network, which is a financial network originating in North America.
Sardine is the provider of USD accounts integrated with Lemon, therefore, it can access every user account maximum of USD 12,000 per month. Likewise, once Sardine receives the money, it will be converted to USDC, therefore, it can be used on the VISA Lemon Card or kept in each client’s account, depending on their needs and the documentation presented. the company.
Although The user has the possibility to generate crypto income using “Earn”, sell it for pesos and also exchange it for other cryptocurrencies available in the application.
“With the aim of providing more freedom and possibilities to users, this new function allows Argentines to capitalize and use their dollars from abroad through crypto solutions such as USDC with Lemon,” said Maximiliano Raimondi, CFO of Lemon in the statement. press issued by the company.