Binance Launches Cryptocurrency Visa Card in Europe

Cryptocurrency exchange Binance announced the launch of its crypto payment card in the European Unioneconomic zone. Initially, it was only available to residents of France and Spain.

In honor of the launch, Binance will offer cashback onpurchases with your card up to 7%, which, according to the publication, "is the highest rate available on the market today." The company promises, for its part, not to charge fees for subscriptions, maintenance or transactions in euros.

#Binance Visa Card is offering the highest cashback rate anywhere!

? Get up to 7% cashback by holding #BNB!

Check out the full details and apply now! ⬇️https://t.co/NmL0spRAve

- Binance (@binance) September 16, 2020

As previously reported, the Binance Card is issued incooperation with a startup Swipe based on the Visa system. Thanks to this, users will be able to pay in more than 60 million retail outlets around the world. The virtual card will be immediately available for use upon approval of the application.

Binance Card works like a regular debit cardcard, however, instead of traditional currency, customers should use BTC, BNB, SXP and BUSD to replenish it. The card is linked to a separate wallet on the exchange https://www.binance.com, which users can replenish from a spot wallet.

The card tier will be determined by the amount of BNB,which have been in the user's account within the last 30 days. This, in turn, will determine the size of the cashback for purchases, also paid in BNB.

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For a maximum cashback of 7% you need to have 6000 BNB ($165,000). Cashback is 6% for users with 2,000 BNB, 5% &#8212; 500 BNB, and so on. The company does not provide any other conditions for participation in the offer.

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