The major cryptocurrency exchange is in the cryptonews again, this time for the launch of its upcoming crypto debit card. As we can see in the updates coming directly from the FAQ page of the Binance Card, Binance and Swipe are working on the upcoming crypto card.
Even though some rumors connected the exchange with the Philippines-based firm before, nothing was officially confirmed and remains the same now. However, the FAQ page hints on something different.
A recent accidental update shows that Binance and Swipe are correlated, confirming the partnership between the two. The exchange has taken down this webpage, but it has already been cached and shows:
“Binance has partnered with Swipe to provide a Card platform for Binance users,” the cached-version of the Binance Card website reads.
For those of you who don’t know, Binance operates one of the largest cryptocurrency exchanges. It first unveiled its crypto debit card last March, providing a fiat gateway allowing its users to pay for goods and services using stored cryptocurrencies.
The exchange advertised this card similar to any other bank-issued cards, with some additional features. Used globally and without any geo-restriction, the Binance crypto card also opened pre-registration for only $15.
Swipe is a Philippine-headquartered company that operates in the United Kingdom and Estonie, offering its own crypto debit card (too), and supporting more than 30 digital currencies. It issued its card via the Contis Financial Services Ltd., a Visa member which is licensed by the UK Financial Conduct Authority (FCA).
Some rumors in the Binance news hint on a potential investment by Binance in Swipe, knowing that the exchange has done moves like these before. Anyways, Binance and Swipe have joined forces and nothing besides that has been confirmed by any of the companies.
Meanwhile, what is also interesting and worth mentioning is that Swipe partnered with Google Pay and Samsung to add its digital currency Visa debit card on the payments platform. On the other hand, the new updates for Binance show that the exchange is becoming a major player in the crypto industry, offering various services ranging from mining pools to lending.
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