Binance Exchange Rolls Out Visa Crypto Reward Cards to European Customers
The world's largest cryptocurrency exchange has started to ship its physical Binance Visa cards to customers within the European Economic Area. The exchange is now urging customers within the European Economic Area to order Binance Visa cards or finish up their previous delivery process.
In an announcement made on Dec. 14, the exchange firm said that customers within the EEA region who applied for Binance Visa cards would soon receive them.
Physical #Binance cards have started shipping! 💳
— Binance (@binance) December 15, 2020
According to the announcement, the physical Binance Visa card will allow users to spend up to 8,700 euros equivalent to $10,600, and they can withdraw up to 290 euros or $350 from ATMs. The cards will also attract zero fees up to 2021 and features up to 8% cashback.
Binance also announced that it was adding support for Ether (ETH) in its Binance Visa cards to give customers more options to use cryptocurrency in their daily lives. The announcement stated,
“Rather pay with your Ethereum profits? From now on, you can buy the things you love with Ethereum. Transfer Ethereum to your Card wallet and drag it above the other coins to make it the preferred payment asset.”
Binance officially debuted its Binance crypto debit card within the EEA region in July this year. The exchange has been offering digital Binance Visa Cards. The exchange clarified at the time that physical cards would be processed in the coming months. It seems the exchange is now ready to issue the physical Visa cards.
To boost its reach in Europe and worldwide, Binance acquired a multi-currency virtual wallet, also a Visa debit card platform, Swipe, in July.
Since Binance revealed plans for a Binance Visa Card back in April this year, it has been actively marketing the new product creating awareness among crypto enthusiasts. After Binance introduced the card within the EEA region, the firm revealed its plans to expand in other regions worldwide. Plans are underway to roll out the card in Russia.