MATIC is now available for purchase at over 90M merchants, can this increase its value?
- Polygon (MATIC) became available on the Binance Card in Argentina.
- This means that MATIC can now be accepted by over 90 million merchants.
- The additional use-case and utility of the token can boost its value.
Polygon (MATIC/USD) is now available on the Binance Card in Argentina.
This marked a major moment for those that want to use cryptocurrencies for daily purchases, as the card can be used at 90 million merchants on a global scale.
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Polygon is a network that utilizes a modified Proof-of-Stake (PoS) consensus mechanism to achieve consensus within each block.
Polygon is an Ethereum (ETH/USD) scaling solution and infrastructure development platform that features numerous developer tools, such as the Polygon SDK, as well as the modular and flexible developer framework. MATIC is the native cryptocurrency that powers the network.
The Binance Card in Argentina addition as a catalyst for growth
However, Polygon is increasing its utility and usage further, as the team made an announcement on Twitter that MATIC became listed on the Binance Card in Argentina on September 15, 2022.
This means that the MATIC cryptocurrency can now be used to make purchases at over 90 million merchants located within thousands of stores worldwide.
Furthermore, users can also get up to 8% cashback and zero fees on any ATM withdrawals.
This additional utility and use case level can increase the MATIC cryptocurrency’s overall value.
Should you buy Polygon (MATIC)?
On September 16, 2022, Polygon (MATIC) had a value of $0.8111.
The all-time high of the Polygon (MATIC) cryptocurrency was on December 27, 2021, when it reached a value of $2.92.
When we go over its performance in August, Polygon (MATIC) had its highest point of value on August 14 at $1.0436, while its lowest point was on August 27 at $0.7637.
Here, we can see a decrease in its value by $0.2799 or by 27%.
However, MATIC increased in value from August 27 to September 16 by $0.0474 or by 6%.
With this in mind, investors might want to buy MATIC as it can climb to $1.2 by the end of September 2022.