Binance Card Launches in Argentina, Allowing Users to Pay with Cryptocurrencies

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Mastercard Intrinsic Value ($NYSE:MA) – The Binance Card, which is currently in beta phase, will allow new and existing Binance users in Argentina with a valid national identification to make purchases and pay bills with cryptos at physical and online merchants accepting Mastercard. Customers can earn up to 8% in crypto cashback on eligible purchases. This partnership between Binance and Mastercard has the potential to affect MASTERCARD INCORPORATED’s market and earnings in the long term. It remains to be seen how widespread the use of the Binance Card will be in Argentina, but if it proves to be popular, it could eat into MASTERCARD INCORPORATED’s market share. Furthermore, the Binance Card could also lead to increased adoption of cryptocurrencies, which could in turn lead to more people using cryptocurrencies to pay for goods and services, rather than traditional fiat currencies.

Market Reaction

On Thursday, MASTERCARD INCORPORATED stock opened at $354.7 and closed at $356.1, up by 0.5% from last closing price of 354.1. This is a positive development for MASTERCARD INCORPORATED as it shows the company’s continued commitment to innovation and adoption of new technologies.

VI Analysis – Mastercard Intrinsic Value

Company’s fundamentals reflect its long term potential. The fair value of MASTERCARD INCORPORATED share is around $389.1, calculated by VI Line. MASTERCARD INCORPORATED stock is currently traded at $354.27, a fair price that is undervalued by 8.96%.

Summary

Investing in Mastercard Incorporated may be a good choice for investors looking to gain exposure to the cryptocurrency market. The recent launch of the Binance Card in Argentina allows users to pay for goods and services with cryptocurrencies, which may increase demand for Mastercard’s products and services. Additionally, the stock price has increased by 0.5% following the news.