(Duplicate) Binance new crypto debit card to launch in Europe

Binance, the cryptocurrency exchange giant, aims to lunch its cryptocurrency debit card in Europe, then later expand to other countries.

The Swipe card is currently available in 31 countries within Europe, include countries like France, Italy, Germany and Spain, and others. Binance Swipe card is not yet available in the United States, but they are aiming towards releasing the services soon.

Four cryptocurrencies available on the Swipe card at lunch

According to the announcement. The card will support 4 cryptocurrencies at lunch which includes: Bitcoin, Swipe token, Binance Coin, and Binance USD.

The credit card offered by Binance will be able to convert cryptocurrency into fiat currency and also be able to operate in over 60 million merchant stores across the supported European country.

Binance explains that the card works exactly like our traditional debit cards. cryptocurrency funds are converted when a purchase is needed. Users will not need to convert cryptocurrency asset to fiat, the whole process is done automatically and quickly.

CZ Binance said on a Twitter post after testing the Binance swipe card:

"I am so excited. I love beta testing products... All real transactions. Audible/Amzn, Grab (Uber replacement), Lazada (Amzn replacement). Merchants accept fiat, I paid in #BNB, direct from my Binance account. #Binance Card - I think I can finally go from 99% to 100% crypto."

Binance has had many improvements and included many features in 2020, Binance P2P, B2B, and one of the "biggest upgrade in 2 years" was done in all done in 2020. With the introduction of cryptocurrency debit cards, cryptocurrency adaption could see a sudden increase as users will be able to spend cryptocurrency in different local locations across the globe.