Binance, the world’s largest exchange, has launched its crypto-focused prepaid card in Colombia. The product will allow Colombian residents to pay for their goods and services using Shiba Inu (SHIB) and 11 other crypto assets supported by the card.

The exchange disclosed the development in a recent tweet, noting that Colombia will be the third Latin American country to receive the product, following the launch in Argentina and Brazil.

According to Binance’s official announcement, the prepaid card offers a feature that enables users to instantly convert supported assets, including Shiba Inu, to fiat currency at any point of sale terminal where the card is accepted. 

This means that Colombian residents can easily utilize SHIB and other cryptocurrencies to make purchases at over 90 million merchants, both online and in-store, that accept Mastercard payments.