On March 26, the world’s largest crypto exchange Binance announced their new Binance Card, that will enable users to transact with and shop with crypto, from anywhere in the world.
The Binance card will have users’ accounts on Binance.com as its bank and will work much like a regular bank-issued debit card, accepting top-ups in Bitcoin and BNB.
According to the announcement, the Binance Card is a Visa issue that is accepted in more than 200 regions worldwide by more than 46 million online and offline merchants.
The news comes less than forty-eight hours after Binance unveiled their new Binance Widget on Brave Browser to simplify access to crypto portfolios in their continued effort to support crypto adoption.
Binance Card Will Make Crypto Payments Easier, Convenient and Accessible
Binance stated that while the card is only available In Beta Version as a virtual card, they will roll out a physical version and avail it to a global user base in a few weeks:
“We will initially release the card in Malaysia, then follow with Vietnam, and add more countries as we move forward.”
Interested users can register for their Binance Card, and Binance will notify them as soon as the card is available in their region.
The Binance card will accept top-up in either BTC or BNB via the Binance Card App, which will allow users to hold their crypto without having to sell every time they need to make a transaction:
“Your card will then use this balance for your card payments and automatically deduct all expenses from the balance every time you make payment.”
For the users to get the Binance Card, they will have to download the Binance Card App, which will also be availed soon, and log in or register for an account and complete a KYC verification for security.
The next step is to order the card, at the price of $15 in BNB or BTC, payable with the initial top-up amount once they get their cards.
Binance Continues To Support Mass Crypto Adoption with New Products and Services
Binance is one of many crypto startups and exchanges that are rolling out products and services to integrate cryptocurrencies into daily transactions and reach a wider user base. Binance stated in this latest announcement:
“At Binance, we are always thinking about new products and services that will progress crypto further and make life easier for our users every day.”
Two days ago, Binance partnered with Brave Browser to introduce direct crypto trading on Binance:
“With the Binance widget, Brave Users can access the Binance.com and Binance.US (for US-based users) sites, buy and sell crypto assets, view asset balances, and obtain deposit addresses all without leaving the browser.”
As the leading crypto exchange in terms of trade volume, the number of users, and trading pairs, Binance efforts to foster mainstream adoption of cryptocurrency seem to be supported by its growing number of products and services.