Interesting fact of the day.
Debit card purchases from local banks in Bolivia have exchange rates that are slightly higher than the official rate, or that vary.
For example: today the official exchange rate was 11.71 Bs per dollar. I used a card from a financial institution, and my exchange rate came to 12.01 Bs, 2.56% higher than the official rate, while the Visa card website showed a lower conversion rate. By the way, on Binance P2P the exchange rate was 11.96 Bs per USDC.
So, it’s better to use Binance with the Binance Card to pay for subscriptions. I would have saved 5 cents per dollar and earned 1.5% cashback.
#BinanceLatam #Bolivia #BinanceCard
Debit card purchases from local banks in Bolivia have exchange rates that are slightly higher than the official rate, or that vary.
For example: today the official exchange rate was 11.71 Bs per dollar. I used a card from a financial institution, and my exchange rate came to 12.01 Bs, 2.56% higher than the official rate, while the Visa card website showed a lower conversion rate. By the way, on Binance P2P the exchange rate was 11.96 Bs per USDC.
So, it’s better to use Binance with the Binance Card to pay for subscriptions. I would have saved 5 cents per dollar and earned 1.5% cashback.
#BinanceLatam #Bolivia #BinanceCard