In a major ’Off the Charts’ virtual conference, Binance launches beta testing of ‘Binance Card’ and informs that the card will initially be launched in Europe and UK.
As CZ elaborates, Binance Card will allow users to spend their cryptocurrencies
The card is essentially powered by recently acquired Visa debit card platform, Swipe.
Binance Announces Binance Card in Europe and UK
Binance exchange announces the anticipated ‘Binnance Card’, says that they are initially launching in Europe and the UK. In addition to this, Binance marks that there will also be a ‘BNB cashback program’ for card users.
At the moment, Binance confirms that the card will be available for users from the European Economic Area. These users can begin applying for the Binance Card from early August.
As part of the initial launch, the Binance card will support Bitcoin (BTC), Binance Coin (BNB), Swipes native token (SXP), and its own stablecoin (BUSD). Users can spend their cryptocurrencies across 200 regions and territories worldwide, totaling 60 million merchants’.
More so, users interested in the Binance card can visit the official site ‘card.binance.com‘ and enter their email Id and country.
if you are logging though Binance Card supporting the region, you will possibly get a ‘Card Wallet’ on the same page and can directly ‘Order Card’. Binance stated that the user needs to prompts to complete the process of card ordering.
If successful your Binance Virtual Card will be issued and remain valid until your physical card arrives in the postal mail, added Binance.
Register Your Interest for Binance Card
In case if Binance hasn’t launched Binance Card in your country yet, you can still be able to register your interest to receive the Binance card by adding your email Id and select your country. Binance will then send you an email as soon as they roll support for Binance Card in your country.
“We see this product as a critical component within our ecosystem of services, said Josh Goodbody, Binance’s director of European growth.
He further says that the exchange is on a mission to “create an open digital financial ecosystem for everyone, banked or unbanked.”. However, as per Changpeng Zhao, the Binance card will contribute mainly to ‘make crypto accessible to the masses”.
He also believes that the ability to spend cryptocurrencies directly via merchants can “make the crypto experience more seamless and applicable.”