Lemon Payment Volumes Rise Through 2025
The cryptocurrency exchange Lemon has reported a consistent increase in monthly payment volumes using its QR and Visa card services during 2025. According to information provided by the company to CriptoNoticias, Lemon has averaged 60 transactions per minute throughout the year. The features, launched in July for QR payments, have seen continued growth since debuting on the platform.
Lemon�s Dual Payment System
Lemon allows users to make payments at any merchant that accepts Visa or QR codes. Clients can choose to pay in Argentine pesos or select from a variety of supported cryptocurrencies. Funds are automatically converted to the local currency for the merchant, making usage seamless for both parties. There is also an incentive structure that gives users bitcoin (BTC) cashback on each transaction. This has drawn the attention of customers interested in cryptocurrency savings.
Crypto Payments and User Preferences
- Crypto-based payments accounted for roughly 10% of all transactions on Lemon.
- Tether (USDT), a stablecoin pegged to the U.S. dollar, was the most transacted token.
- The cashback system has distributed a total of 270 BTC (almost USD 30 million) to users since inception.
The incentive model offers 2% BTC cashback for card payments conducted in crypto, and 0.5% if paid in pesos. QR payments grant 1% BTC cashback for crypto use, and 0.25% with Argentina�s local currency.
Market Competition and User Behavior
Lemon operates in a competitive landscape, with other exchanges in Argentina also offering payment cards and rewards. Some rivals feature Mastercard options, alternatives to Visa, and cashback in tokens such as USDT, BTC, ETH, or even in stocks.
For withdrawals, Lemon�s Visa card allows up to 50,000 Argentine pesos in daily cash-outs across more than 30,000 affiliated merchants. Supermarket chains, especially Carrefour, serve as common withdrawal points. Over 60% of cash withdrawals on the platform occur at Carrefour, with an average transaction of 15,000 pesos.
Expansion and Adoption in Latin America
The Visa card was first rolled out at the end of 2021. Lemon has since expanded rapidly, including a notable launch in Peru in March 2025, which has attracted 200,000 users in less than a year. The company positions its growth within the expanding trend of crypto-based payments across the region.
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