Binance To Roll Out A Debit Card
Binance made headlines not too long ago when the exchange made crypto enthusiasts happy by announcing that it started offering Ethereum and XRP options trading a month after launching Bitcoin options trading.
In a statement, the crypto exchange said that the updated version of the mobile app is now supporting options trading for BTC, ETH, and XRP, the leading cryptos by market cap.
Binance to buy a majority stake in Swipe.io
Binance finalizes a deal to buy a majority stake in the digital currency payment platform Swipe.io.
This move is setting the stage for the crypto exchange to roll out its very own debit card, according to the latest reports.
Binance could be making the massive announcement about the deal within a week, according to The Block.
Binance is working on a Binance Card
The exchange revealed back in April that they are working on a Binance Card that will be allowing users to pay for goods and services with their Bitcoin or Binance Coin balance in the Binance account.
According to official notes, “No longer will you need to sell your crypto to pay bills. With the Binance Card, you can keep HODLing, and spend only what you need to make a payment.”
Binance also said that the card would be accepted by more than 46 million online and offline merchants in 200 territories.
The exchange also said that the Binance Card is available as a virtual card in a beta version and the company still has to release a physical one.
Check out more details about Binance’s plans in the original post.
A Binance Card will turn out really useful for holding your crypto and this would also promote more adoption.
And as you know by now, the mainstream adoption of digital assets has been one of the main goals that the crypto industry has set.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.