Highly anticipated Binance Card – Launched
The word Crypto and everything related to it is definitely the hype right now and the crypto community has grown at a very exponential rate ever since the first cryptocurrency project was launched. With so many people investing and looking towards the theme, we can certify that its not going to stop anytime soon and it will keep on growing as more and more users adopt the technology. With companies and brands in the loop following this growth, every single one of them wants to be the next big thing in the crypto world. And the next major development might have come from Binance in the form of Binance Card. It is no secret that Crypto adoption has taken the world by storm and the crypto community has expanded beyond what anyone thought was possible. Binance have just launched a crypto debit card that is going to be unveiled in Countries of the European Economic Area said to support four cryptocurrencies at the time of launch.
According to their CEO Changpeng Zhao, the debit card will greatly help in improving the rate of crypto adoption in the world. Since acquiring Swipe, which is responsible for aiding in this project and is currently available in 31 countries within the European Economic Area, Binance are looking to target USA next after getting the proper licensing agreements. The four cryptos that will be available at launch are BTC, SXP by Swipe, Binance Coin BNB and BUSD which is the stable coin launched by Binance. Binance card is set to allow users to instantly convert cryptos to FIAT currency to spend in over 60 million merchants in 200 regions. Besides this, the card does not require users to manually convert the currency before use and the whole process is automated much like a traditional debit card. Users will be able to recharge their card from their wallets and choose which assets they would like to spend first. Binance have stated that users will be able to register for the Binance card after August 14th.
So what is your opinion on this? What is the greatest Crypto innovation uptil now? Is a Crypto debit card really required? Would you like to try Binance Card? Share your thoughts and comments with us and we will be sure to feature you on our platform!