Binance, the leading global cryptocurrency exchange, is set to discontinue its crypto debit card services in two major markets: Latin America and the Middle East. This will take effect on August 25th, and customers in these territories will have until September 21 for card transactions. Binance clarified that this won’t affect accounts, nor will it prevent users from sending or shopping with crypto via contactless Binance Pay.Launched in April 2020, Binance’s crypto debit card allowed users to draw from their cryptocurrency assets for everyday purchases, acting as a bridge between digital currencies and conventional commerce. In July 2020, European customers were then able to use Binance cards, with the exchange later forming a partnership with payment processor Swipe, hinting at a U.S. expansion.
| Information |
Details |
| Geography |
Europe |
| Countries |
🇨🇴 |
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
None |
| Companies |
Binance, Swipe, None |
| Currencies |
None |
| Securities |
None |
