The mass crypto adoption continues these days and there are more and more moves in the crypto space that support this extremely important goal. Check out the latest one coming from Mastercard and Binance.
Mastercard and Binance team up
The CEO of Mastercard said that they are teaming up with Binance in order to allow people to spend digital assets at over 90 million stores.
Check out the following relevant tweet coming from Watcher Guru:
JUST IN: Mastercard CEO says they’re working with #Binance to let people spend crypto at more than 90,000,000 stores. pic.twitter.com/G8etp94xkZ
— Watcher.Guru (@WatcherGuru) August 23, 2022
According to the official announcement, Binance, which is “the world’s leading blockchain and cryptocurrency infrastructure provider”, and Mastercard have just revealed the launch of Binance Card in Argentina.
The main goal of this huge move is to bridge the gap between cryptocurrencies and everyday purchases. Argentina is the first country in Latin America to have the product.
“The Binance Card is part of the company’s ongoing efforts towards furthering global cryptocurrency adoption in a tangible manner. The product is in beta phase and will be widely available in the coming weeks.”
It’s also been revealed that the Binance Card issued by Credencial Payments will allow all new and existing Binance users in Argentina with a valid national ID.
This will help make purchases and pay bills with crypto, including Bitcoin and BNB, at over 90 million Mastercard merchants worldwide, both in-store and online.
As the official press release notes:
“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. By using the Binance Card, merchants continue to receive fiat and the users pay in cryptocurrency they choose. We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption and now it is available for users from Argentina”, said Maximiliano Hinz, general director of Binance in Latin America.
