March 29, 2024

The head of Binance tested a cryptocurrency payment card

The head of Binance tested a cryptocurrency payment card

The head of the largest cryptocurrency exchange Binance, Changpeng Zhao, said that he became a beta tester of the company's payment card.

“All transactions are real. Audible / Amzn, Grab (Uber replacement), Lazada (Amzn replacement). Sellers accept fiat, I pay to BNB, directly from my Binance account »- he wrote.

Zhao also shared a screenshot that shows the cryptocurrency payment card application interface.

The head of Binance tested a cryptocurrency payment card

</p>

On it there is an image of a card with a number,CVV code and expiration date. Also, the interface has a transaction history, which displays the latest transactions in cryptocurrency and their equivalent in euros. A card balance is presented separately, consisting of cryptocurrencies used to finance it. Three assets are currently supported: Bitcoin (BTC), BNB, and UDST.

“Binance Card - I think, finally, I can switch to the crypto from 99% to 100%”- added Zhao.

On Tuesday, Binance officiallyconfirmed the acquisition of crypto payment startup Swipe, whose infrastructure it will use to issue its card. Swipe cards are now available to residents of 31 countries within the European Economic Area. In the foreseeable future, Binance plans to expand its coverage to Asia and North America.

"Swipe platform currently supportsA wide range of digital assets, which allows them to remain in their native form until the transaction. The selected digital asset is then converted into fiat currencies passing through Visa payment channels, which makes cryptocurrencies instantly available for spending in more than 50 million points around the world. ”, - explained in the company.

Rate this publication