- As per a press release, the folks over at Binance claim that the addition of BNB with the Visa/MasterCard roster will allow for the crypto asset to experienced unparalleled growth in the coming few months.
- This latest announcement has been received quite warmly by the masses at large — since this is one of the few times Mastercard and Visa had lent their services to a mainstream crypto organization.
It's no secret that 2019 has been an amazing year for Binance, with the premier crypto trading platform not only announcing a series of upgrades to its native UI but also witnessing the rise of its very own token— ‘the Binance Coin’ — which is currently placed in the 7th spot of all cryptocurrencies by total market capitalization.
In this regard, it has just come to light that interested investors can now purchase/ trade BNB coin using a host of Visa and MasterCard based payment avenues.
- According to a number of analysts and experts, Binance’s latest move will most likely affect Coinbase in an adverse manner.
- Earlier this year (April 2019 to be exact), Coinbase teamed up with Visa to its crypto credit/debit card service called ‘Coinbase Card’. In its core essence, the card is directly linked to a number of major cryptocurrency exchanges located within the UK and EU, thereby allowing owners to seamlessly spend their crypto holdings directly from their Coinbase wallets.
In closing out this piece, it should be pointed out that over the past few weeks, Binance has been in the news due the launch of the BGBP — a cryptocoin backed by the Pound. It now remains to be seen what the future has in store for the company from here on out.
— Binance (@binance) June 4, 2019