Binance bought card issuer Swipe for issuing your own card
Binance Acquires Market Leader Of Crypto Debit Card Issuers.
The cost of the transaction remains unknown.
Binance previously announced plans to issue its own debit card.
International consortium of news organizations, developing transparency standards.
By purchasing a controlling stake in a startup, Binance will be able to increase its cash flow opportunities funds on the exchange.
Cryptocurrency exchange Binance today announced the completion of the purchase of startup Swipe, a Visa debit card issuer and digital wallet. About this reported on the exchange website.
The amount of the transaction remains unknown.
According to the official announcement, both companies will continue to work together over the spread of cryptocurrencies by bridging the gap between paper and digital assets.
Head of crypto exchange Changpeng Zhao stated, what the Swipe team did big success in promoting this mission and was instrumental in the industry to bridge the gap between commerce and cryptocurrencies“.
Swipe, amid takeover announcement, added to listing token least growth the use of cryptocurrencies appear new types of tokens. They are can personify value or something intangible like, eg, vote. Two… More exchanges Binance Coin (BNB). Thus, users Now may buy BNB via Swift wire transfers and the Euro Single Payment Area (SEPA).
Swipe cardholders can receive up to 4% cashback in bitcoin for every purchase, and also discounts when using the Swipe intra-platform token (SXP).
On moment writing material, Swipe is available in 31 countries of the European Economic Area, making the startup a major contributor to Visa on market.
The startup supports transactions in euros, British pounds, dollars USA, Korean won and Philippine pesos.
In March of this of the year, Binance has officially announced plans to release its own Visa-based debit card called Binance Card.
Later, but, the exchange removed the mention of the Visa payment system from the announcement.
It is assumed that purchase Swipe can be associated precisely with the desire of Binance to issue its own debit card based on Visa.
When Binance will issue its own card remains unknown.
Spread their services through the purchase of specialized companies is not than-something new in the industry.
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