January 29, 2023

Binance Exchange launches its own Binance Card debit card

Binance, the largest cryptocurrency exchange, has announced the launch of its own Binance Card debit card, which It will allow you to pay with cryptocurrencies in 200 regions of the world.

To do this, users need to installBinance Card application and transfer to your account Bitcoin or stablecoin BNB cards. Moreover, any stores accepting Visa cards will accept the card, that is, more than 46 million stores, cafes and other locations in 200 regions of the world.

Currently Virtual Binance Cardlaunched in test mode and is available only in a limited number of countries, however, physical deliveries will be established in the near future. The initial launch will take place in Malaysia, then Vietnam will be added, and then the rest of the country.

In the coming weeks, the exchange hopesprovide the ability to order cards from almost anywhere in the world. The cost of the card is $ 15 - this amount will need to be transferred to the card account. At the same time, Binance does not plan to take any annual or monthly commissions.

In February, it was reported that the American ExchangeCoinbase received the status of “Principal Member” and thus became a full member of the Visa payment system. The exchange already has its own Coinbase Card debit cards and now the company will gain more control over the mechanism of their functioning.