As early as March, the Bitcoin exchange Binance announced that it would be launching its own crypto credit card. After the acquisition of Swipe, a provider of credit cards for cryptocurrency payments, was recently announced, Binance CEO Changpeng Zhao is showing details of his own Binance Card for the first time.
Binance Card with support for Bitcoin (BTC), Binance Coin (BNB) and Tether (USDT)
Changpeng Zhao, better known in the community as CZ, is the CEO of Binance, one of the best known and largest exchanges for cryptocurrency trading worldwide. After providers of crypto credit cards like Crypto.com have had great success, Binance also wants to participate in this market. That is why the company presented its own credit card called Binance Card in early April.
According to the exchange, Binance Card is to be accepted by more than 46 million retailers around the world. The Binance Card account is directly linked to your own account on Binance.com. So far, the map is only available as a digital version and is still in beta. But CZ didn't want to keep the community waiting any longer and pointed Twitter Details on the Binance Card for the first time.
On Friday, he shared the following screenshot from the beta version with his community. You can see a digital image of the Binance Card with all relevant information such as name, security code and expiry date. In addition, the application shows the available capital and this is divided between the supported cryptocurrencies. The screenshot shows BNB, BTC and USDT. It is not yet known whether other cryptocurrencies will be accepted in the future.
For an optimal overview, the application shows all transactions made and the details about them. Well-known companies such as Amazon, Audible and Grab are listed in the test transactions.
Binance takes over crypto credit card provider SWIPE
A few days ago reported we know that Binance announced the acquisition of the crypto company Swipe. Swipe is not only a multi-asset wallet for the safe storage of cryptocurrencies, but also a crypto bank. A combination of smartphone app and crypto credit card makes it easier for customers to use their cryptocurrencies as a form of payment.
It remains unknown whether and how this takeover is related to the presentation of your own Binance Card. A Twitter user therefore asked the Binance CEO what role the purchase of Swipe will play for the Binance Card. The Swipe team then replied: Stay tuned.
- Swipe (@SwipeWallet) July 10th, 2020
The answer does not provide any information about what the cooperation between Swipe and the Binance Card will look like. With this answer, however, the existence of one should be considered confirmed.
Markus from Kryptokumpel.de
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