
Binance Card, a recently launched crypt-currency debit card based on Binance and owned by Binance start-up Swipe, will soon be available to Americans. And all thanks to the new partnership.
Swipe representatives said that the dollar accounts will be available on the platform through a partnership with the American bank Evolve Bank & Trust. Swipe users will be able to directly deposit their payroll checks into accounts with Evolve Bank & Trust, and then use these funds to buy and sell supported by the platform. The accounts will be insured.
There is very little information about Binance Card yet, but Swipe's representative promised that everything that is offered to startup clients will be available to Binance Card users as well. It is planned to enter the American market in the next few weeks.
The Binance Card's crypto debit card was officially launched in Europe and Great Britain in mid-July this year. The product supports four crypt-currencies so far - Bitcoin (BTC), Binance Coin (BNB), Swipe (SXP) and Binance USD (BUSD). The crypt-currency Binance Card will soon appear in the U.S. thanks to the new Swipe partnership.
Binance Card is issued in Visa payment system for payment for services and goods in 46 million companies. The company stressed that the tool works like a traditional debit card and requires users to manually convert cryptov currencies into fiat before making a purchase.
To launch the cryptographic card, Binance purchased Swipe startup at the end of June, which provides a multi-currency cryptographic wallet and debit cards in the Visa system with the ability to convert digital currencies into traditional ones. The cards are issued by Contis Financial Services Ltd, a member of the Visa network and licensed by the FSA. Swipe services are currently available in 31 EU countries, including France, Germany, Italy and Spain.
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