CZ Reveals Binance Card Powered by Swipe Is Currently Being Beta Tested

The leading spot cryptocurrency exchange, Binance, is now working on a Binance Card that will be launched soon.

Binance CEO Changpeng Zhao took to Twitter to share that currently, he is testing the card which is in beta. With this card, the user will be able to make transactions at the likes of Amazon and Grab.

You will be paying in cryptocurrency directly from your Binance account, while merchants will be accepting the fiat.

These cards are powered by the wallet app Swipe, Binance’s latest acquisition. The exchange is also joining the company’s board of directors, but apparently, Swipe is “able to run the company independently from Binance.”

Earlier this week, Binance announced that it is acquiring the multi-asset digital wallet and debit card platform that allows users to buy, sell, convert, and spend cryptos in 31 countries within the European Economic Area.

The idea has been to work together to further mainstream adoption of cryptocurrencies by bridging the gap between fiat and digital assets.

At the time, the Philippines-headquartered Swipe, which already supports 20 cryptos, also listed BNB on its platform, and Binance listed Swipe’s token SXP on its exchange.

Binance Cards will be usable in most places globally that accept a credit card but will be released to users country by country, shared CZ.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Fed Researching CBDC & Planning to Deposit ‘Digital Dollars' Directly To the Digital Wallets of Americans

Federal Reserve Bank of Cleveland President Loretta Mester revealed that each American would receive digital dollars directly. She said, "Legislation has proposed that each American...

65% Vote For ‘Zero Compensation' For MakerDAO Vault Owners Who Lost $8M On Black Thursday Crash

MakerDAO votes against compensating vault owners following the Black Thursday crash in March of this year. Over 65% of the votes cast opted...

Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers

Cryptocurrency exchange Gemini is now expanding into the UK. The launch follows obtaining an electronic-money institutions (EMI) license from the Financial Conduct Authority (FCA) after...

Stocks & Gold Getting Hammered But Bitcoin Fundamentals Do Not Support A BTC Crash to $7k

In another red day of the week, Bitcoin dropped to about $10,150 level. Just like the weak price performance, with BTC currently trading around...

People's Bank of China (PBoC) Testing Digital Yuan (DCEP) for Credit Card Payments

China has been aggressively developing its central bank-issued digital currency (CBDC), popularly known as digital yuan. As per the latest reports, the People's Bank...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today