After initially unveiling the crypto debit card in April 2020, the leading cryptocurrency exchange Binance has started shipping its physical Visa cards in the European Economic Area. Users that have placed the card order can now transfer assets to their card wallet, based on the December 14 announcement.
While introducing the Binance visa card in the EEA region, the giant crypto exchange has also added ETH support to its debit card so users can pay with the altcoin. “Simply transfer Ethereum to your Card wallet and drag it above the other coins to make it the preferred payment asset,” Binance noted.
Binance Visa card empowers its users to daily shop up to €8,700, along with a €290 amount limit for ATM withdrawal. Based on the official announcement, the cards will charge zero fees and offer 8% cashback, until 2021.
Binance Plans to Launch Crypto Debit Card Worldwide
The prime motivation to introduce the Binance Card is to save time for users and to expand Binance’s ever-growing ecosystem. After launching the Binance debit card in countries of the European Economic Area, Binance is planning to introduce Binance card in Russia in order to facilitate all its users with the “same experience that is fully compliant with local regulations.”
Binance Card will empower users to make payments in a variety of cryptos, including Binance Coin, Bitcoin, Ethereum, Swipe’s native token, and Binance USD, for services and shopping across 200 regions worldwide.