April 27, 2024

Binance will buy a controlling stake in Swipe

Binance will buy a controlling stake in Swipe

The Binance exchange is in the final stages of acquiring a controlling stake in the startup Swipe.io.

The acquisition will allow the exchange to issue its own branded payment card.

According to TheBlock, an official press release on the deal could be published later this week. At the moment, representatives of Binance refuse to comment on this matter.

Swipe.io provides digital asset storage services and also issues cryptocurrency Visa debit cards. 

Recall that earlier this year, the Binance exchange entered into an agreement to acquire one of the most popular crypto resources CoinMarketCap (CMC).

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Based on materialswww.theblockcrypto.com