Binance And Mastercard Partner To Launch Card To Users In Argentina
Crypto exchange Binance has partnered with Mastercard to launch a cryptocurrency power card for customers in Argentina. The card will be useful to spend digital assets in everyday purchases, a press release says, and reduce the gap between crypto and fiat payment rails. Related Reading: BlackRock Offers Crypto To Investors Via Latest Partnership With Coinbase […]
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"Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz. Major crypto exchange Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina.In a Thursday announcement, Binance said the card will allow its clients in Argentina to use Bitcoin (BTC), BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted — roughly 90 million merchants globally and online. Argentine cardholders can also earn up to 8% back in cryptocurrency....
Users of Binance card can earn up to 8% cashback on purchases and bill payments through Mastercard’s vast network of over 90 million merchants worldwide.
Binance Card owners now have access to 14 supported cryptocurrencies, including XRP, AVAX and SHIB, among others. Binance announced on Friday that its Binance Card now supports three new altcoins. Card users now have the possibility to access their holdings of Ripple (XRP), Shiba Inu (SHIB) and Avalanche (AVAX). The Binance Card allows its holders to “convert and spend cryptocurrencies in over 60 million online and physical stores.” However, the card is only available to European citizens and, according to the website, Ukrainian refugees. Prior to the escalation of the conflict in Ukraine,....
The crypto space is in pandemonium after MasterCard, a global payment service giant, announced the imminent termination of its services and alliance with the Binance crypto exchange. Mastercard To Sever All Ties To Binance Binance, the world’s largest cryptocurrency exchange by trading volume, is facing new challenges that could impact its reputation and growth rate. According to reports, Mastercard will discontinue its services on Binance, ending a years-old relationship and crypto cards programs starting Friday, September 22. Related Reading: Is Binance Really Selling Bitcoin To Prop....
Bitcoin wallet provider Xapo has announced it is to launch its much-awaited bitcoin debit card this month. The card, which caused quite a stir in the bitcoin community in April, will roll out by the end of June to be accepted by any business that accepts debit cards or credit cards from its network partner, says Xapo. The company has yet to disclose the name of the partner and the card network, however. The possibility had been raised that the Xapo card would launch on the MasterCard network, but this turned out not to be the case. However, as industry news site Payments Source points out,....