Binance Introduces Binance Card Powered By Swipe, In Europe And UK
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Binance Introduces Binance Card Powered By Swipe, In Europe And UK

July 14, 2020      Jyoti Singh

Binance has officially launched it’s much-awaited Crypto Debit Card, Binance Card, in Europe and the United Kindom, according to an announcement on July 14.

Now the user of the Binance exchange would be able to spend their coins anywhere in the world with the help of this card.

Binance Card Registration

It is to be noted that in the near future the Binance would start the registration for its card in the UK but in Europe, it will get started in August 2020. Even the users from other regions could register themselves for the card through the website called Binance Card.

A week ago, Binance acquitted Swipe, to bridge the gap between the fiat and digital asset. Presently, its services are available in 31 countries of the European Economic Area (EEA) which include France, Spain, Italy and many more. Although its services are not available in the United States, soon after completing its licensing and registration formality, the firm would start offering Swipe’s service there too.

Four Cryptocurrencies Getting Support Of Binance Card

The firm in its public statement has mentioned that currently, the Binance Card would lend its support to Bitcoin, the native token of Swipe .i.e., SXP, Binance own token BNB and Binance’s stablecoin BUSD.

The CEO of Binance, Changpeng Zhao, while introducing the company’s first Debit Card, said, “Giving users the ability to convert and spend their crypto directly with merchants around the world, will make the crypto experience more seamless and applicable”.

People who would be using the Binance Card could easily and fastly convert their cryptos into fiat currencies and then use them.

Binance Card would be no different from the traditional debit card. Before purchasing anything via Binance card, the users would not have to change their crypto to fiat.

The users could recharge their Binance Card from their spot wallet on Binance and choose their preference to debit their required cryptocurrency.

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Jyoti Singh
Jyoti Singh

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.