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Binance Is Launching a Beta Version of Its New Debit Card


Binance Is Launching a Beta Version of Its New Debit Card

On Thursday (March 26), crypto exchange Binance introduced its own crypto-backed debit card. As you might already know, last April, Coinbase announced "Coinbase Card", a crypto-backed debit card. Well, now, Binance seems to have decided that there is sufficiently high interest from its users to make it worthwhile to launch its own crypto-backed Visa debit card that will be called "Binance Card". What is the motivation for such a debit card? Binance says that it is trying to make it easier to pay for goods/services with crypto (you already own) and thereby "take crypto adoption one step further." Using a crypto-backed debit card that is tied to your Binance.com account means that you don't need to go through the inconvenient, slow, and potentially expensive process of selling your crypto and then waiting for the proceeds from the sale to reach your bank account. Read More...

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