After Binance made an acquisition of Swipe—a company focused on providing better technology for crypto debit cards Binance has announced the launch of its crypto debit card in Europe and the United Kingdom.
“Giving users the ability to convert and spend their crypto directly with merchants around the world, will make the crypto experience more seamless and applicable,” said Binance CEO Changpeng Zhao.
Users from the European Economic Area will be able to apply for a Binance Card starting in August, “with users in the UK following shortly thereafter,”
Binance Card will support payments with Bitcoin (BTC), Binance Coin (BNB), Swipe’s native token (SXP) and its own stablecoin, Binance USD (BUSD), at over 60 million merchants across 200 regions and territories worldwide.
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https://decrypt.co/35447/binance-unveils-its-bitcoin-debit-card-in-europe-and-ukThe move is good and will enable people to pay to merchants with cryptocurrencies without converting them into fiat first since digital assets remain in their original form until a transaction is made