Binance started shipping its new BTC Visa card across Europe so all of the users from the European Economic Area, can order the card as we can see more in today’s binance news.
According to the announcement, Binance Card will allow the users to spend up to 8700 EUR and retrieve up to 290 EUR on ATMs every day. The cardholders will also be eligible for up to 8% cashback on the purchases they will make but they will also have to be a whale and hold huge amounts of Binance Coins in order to fully enjoy this possibility. Among other perks of the physical card, the platform outlined that it’s actually free and will have zero fees until 2021 with the opportunity to have the “coolest card in your wallet.”
Y’all ready for this? pic.twitter.com/EwYyuUibMt
— Fold 🙌 (@fold_app) December 14, 2020
Binance started shipping the new card and also announced that the cards now support Ethereum:
“Rather pay with your Ethereum profits? From now on, you can buy the things you love with Ethereum. Simply transfer Ethereum to your Card wallet and drag it above the other coins to make it the preferred payment asset.”
Very sorry to say but it is not possible to have the Binance Card & Swipe as it has the same issuing bank.
— Binance Nederlands (@BinanceDutch) December 15, 2020
As per the reports, Binance acquired Swipe which is a multi-currency digital wallet, and Visa debit card platform which only shows that the exchange has more plans for a crypto debit card in July. However, previous Swipe users discovered that their current card wallets will not be compatible with the Binance Card but the exchange later explained:
“Very sorry to say but it is not possible to have the Binance Card & Swipe as it has the same issuing bank. Either stop with Swipe and switch or stay with Swipe!”
Physical #Binance cards have started shipping! 💳
— Binance (@binance) December 15, 2020
Bitcoin Cashback rewards platform Fold started shipping its crypto debit cards as well similar to the new partnership created with Visa but for now, it’s only available in the US. As previously reported, CZ noted that the beta test features “all real transactions” which include Amazon’s audio store Audible, the Uber alternative Grab, as well as a major eCommerce platform Lazada. CZ also noted that the BNB payments were completed directly from his Binance account, while merchants accepted the payment in fiat. Alongside the Grab and Amazon transactions, we can see that CZ’s Binance Card transaction list also includes a transaction from Swipe, a crypto-to-fiat debit card provider which is headquartered in the Philippines.
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