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Re:Lebanese turn to cryptocurrency as economy tanks by oh_sigh on Thursday March 31, 2022 @01:08PM (#30869669)
Do any of those companies offer debit cards in Lebanon?
Re:Lebanese turn to cryptocurrency as economy tanks by el-salvador on Thursday March 31, 2022 @01:30PM (#30869968)
Binance and Coinbase cards are not available for cardholders in Lebanon according to the FAQ on their sites. They are mostly for EU and US cardholders.
Re:Lebanese turn to cryptocurrency as economy tanks by trixie_ on Thursday March 31, 2022 @01:22PM (#30869865)
The cards should work wherever visa/mastercard is accepted. Here's one the specifically calls out Lebanon - https://spectrocoin.com/en/bitcoin-in-Lebanon.html
Re:Lebanese turn to cryptocurrency as economy tanks by el-salvador on Thursday March 31, 2022 @01:38PM (#30870058)
I remember reading that Lebanon had been experiencing a dual exchange rate phenomenon. In which the official one is much less than the market rate. This has happened in other countries like Argentina and Venezuela before too

If this were the case. The benefits of using a foreign card would depend on the exchange rate in which card payments are settled.

Are Lebanon's card transactions with foreign cards settled at the official or at the market exchange rate? Is the difference between both rates still significant?

Re:Lebanese turn to cryptocurrency as economy tanks by googlryas on Thursday March 31, 2022 @01:33PM (#30869998)
Yes, because they go over a common network, Whether they can be used in Lebanon is different from whether they issue cards to citizens in Lebanon