Cryptocurrency exchange Binance announced on Tuesday the official launch of its Binance Card in Europe and the UK. According to Binance, the card will enable users to convert and spend BTC, BNB, SXP, and BUSD to fiat at more than 60 million merchants across 200 regions and territories worldwide.
“Powered by Swipe’s platform, the Binance Card enables digital assets to remain in their native form until a point-of-sale transaction occurs, allowing Binance Cardholders to convert and transact with cryptocurrencies in more than 60 million locations around the world seamlessly.”
Binance further explained that Binance Card users will be able to recharge their Card Wallet directly from their Binance Spot Wallet and choose which order of preference to debit their BTC, BNB, SXP, and BUSD assets. Speaking about the launch, Binance CEO, Changpeng Zhao, stated:
“By providing a tangible way to transact, convert and spend crypto for everyday use, we are furthering our mission of making crypto more accessible to the masses. Giving users the ability to convert and spend their crypto directly with merchants around the world, will make the crypto experience more seamless and applicable. We are looking forward to making the Binance Card available to users in other regions, as well as introducing new features to enhance the Binance Card experience through our partnership with Swipe.”
Binance then added from August, users based in the European Economic Area (EEA) will be able to apply for a Binance Card, with users in the UK following shortly thereafter.