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Binance launches crypto-Visa card

Posted:Mar 30, 2020 10:47 Category: AI , Blockchain , Crypto , Posted by AIBC Group

The Binance Card is accepted by more than 46 million merchants

A Visa debit card that enables crypto payments is ready and is available in a Beta version, crypto exchange Binance announced in a press statement.

In a blog post on their website, they explained that the crypto-Visa card does everything a regular payment card does, plus much more. It works just like a regular debit card issued by your bank – which, in this case, is your Binance.com account. You simply top-up your card with funds through the Binance Card App in the form of Bitcoin or BNB, and you’re ready to go.

“The Binance Card is issued by Visa and accepted by more than 46 million merchants offline and online in 200 regions and territories, which makes shopping with crypto easier than ever before.”

A physical card is coming shortly as it is currently only available as a virtual card in a Beta version, although Binance aim to make it available globally to all new and existing Binance users within the next few weeks – initially in Malaysia, then follow with Vietnam, and add more countries as they move forward.

You can register interest in Binance Card through the landing page, and they will notify you once the card becomes available in your region. All you need to do then is download the app, log in to your Binance account or register a new one, and complete simple and secure identity verification. Then you can order the card for a one-time cost of 15 USD, which is payable in the form of initial top-up from your crypto wallet to the card balance. You just transfer 15 USD worth of BNB or BTC to your card balance, and they’ll process your order. They also don’t charge any monthly or annual fees.

All you need to use and control your card comes within the interface of one app. The app allows you to manage your funds, card security, and spending with only a few taps. Once your new card arrives, you need to load it with funds. Just transfer Bitcoin or BNB from your Binance.com wallet to the Binance Card wallet, and you’re ready to go. The Binance Card App will be available soon.

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