Binance has released a card for working with Bitcoins
Cryptocurrencies are certainly a great asset. Fast transactions, anonymity, the ability to choose from a huge number of different payment solutions … All this and much more is real inherent in the crypto industry, except for one important detail. Digital money cannot be paid in every store in the world. But this was until today, because literally today, the cryptocurrency exchange Binance presented its debit card with support for cryptocurrencies. Next, we will tell you how to get this payment tool, as well as provide all the information you need to understand before working with a new card. So let’s get started.
What exactly does the company offer?
In fact, the exchange made an ordinary plastic card, which is tied to a specific account. The name of the project – Binance Card, perfectly reflects the binding of the account to the balance on the site’s account. This is a standard card, with all its features and one important feature – the ability to pay using BTC and BNB, that is, the exchange’s internal token. Money is deposited onto the card through a special application available for mobile devices. And after that you can pay by card in all stores with a payment terminal. The solution is already ready and is undergoing numerous tests. Developers will have to identify possible deviations from the given work parameters, since the means of payment must function perfectly.
The release will take place within a few weeks, although the initial launch of the project was planned for early March (delays occur due to widespread quarantine). The first to receive a Binance Card will be the residents of Malaysia and Vietnam, then, if the creators are satisfied with the results, the card will be launched in 198 more countries. To get a physical map, you do not need any lengthy operations. Just download the mobile application that we talked about earlier, register an account and top up your account with $ 15. This is a single payment, there will be no additional costs for servicing the card. The company has built the most loyal conditions for using a corporate card.
Using a mobile application, you’ll be able to track balances, watch the transfer history and work with card security. To get started, you only need to transfer funds from your Binance account to your account, after which the funds are immediately available for payment.
How will Binance innovations impact the industry?
Cryptocurrencies are still something incomprehensible. Representatives of the older age group, for example, generally see only a threat in digital money, and large companies like Binance are well aware of the weak reputation of digital assets. Enterprises are actively seeking to popularize cryptocurrencies, and this card is a very important step.
Now everyone can touch the Blockchain with the help of this beautiful silver piece of plastic, on which the iridescent Binance logo is located. The card looks solid and inspires confidence, showing that cryptocurrencies are our future. The work of the Binance Card was demonstrated by the head of the cryptocurrency exchange in his Twitter account. You can make sure yourself that the future is already here and it begins with the Binance Card. It is worth noting that other companies, such as Coinbase, are also engaged in the popularization of cryptocurrencies. Most recently, the exchange has activated the ability to pay for purchases through Google Pay. But the first decisive step was made by Binance.
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