Binance ships its Visa cards to the European Economic Area.

Binance, the world’s leading cryptocurrency exchange, has started shipping its physical Binance Visa cards in the European Economic Area.

According to a recent Binance announcement, users in the European Economic Europe region will soon receive their physical Binance Visa cards. Customers that have already ordered the card can now complete the delivery process in their card wallet. In conjunction with debuting its physical cards in Europe, Binance also added Ether support to its crypto debit card, so customers can now pay with the altcoin. “Simply transfer Ethereum to your Card wallet and drag it above the other coins to make it the preferred payment asset,” the crypto exchange noted in the announcement.

 

Binance announced its intentions to expand worldwide. 

Binance Visa card has a daily spending limit of 8,700 euros ($10,600), while daily ATM withdrawals amount to 290 euros ($350). According to the announcement, the cards feature up to 8% cashback and zero fees until 2021. Binance officially announced its crypto debit card in the Europe Economic Area region in July 2020, initially offering virtual Binance Visa cards. “For those who want a physical card, we will process these within the next couple of months,” Binance said at the time. After rolling out the card in the EEA, the crypto exchange revealed its intentions to expand worldwide and launch its crypto debit card in countries such as Russia.

 

Binance discontinues GBP stablecoin.

As reported earlier, crypto exchange giant Binance discontinues its GBP stablecoin, BGBP, which is tied 1:1 to the British pound. Binance ended the stablecoin more than a year after it first listed the stablecoin in July last year. Binance issued BGBP, unlike its USD counterpart BUSD, a white-label of Paxos’s stablecoin, and has a smoother redemption process than BGBP. The stablecoin had a circulating supply of only about £700,000, according to CoinMarketCap before it discontinued. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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