Binance Rolling Out Crypto Card for EU, UK Markets

Users in Europe will be able to apply for the Binance Card from August, those in U.K. will be able to do so shortly afterwards.

Jul 14, 2020 at 10:42 a.m. UTC
Updated Sep 14, 2021 at 9:30 a.m. UTC

Binance has announced the rollout of its debit card allowing users to pay for goods and services in crypto.

  • Users in the European Economic Area (EEA) will be able to apply for a card from August while those in the U.K. will be able to do so afterwards.
  • Powered by Swipe, the card allows users to spend crypto – currently bitcoin, Binance coin, Swipe coin and Binance USD – at any merchant that supports Visa payments.
  • First released in beta back in April, the card only converts crypto into the local fiat currency at the point of sale.
  • The card was first tested in Vietnam and Malaysia.
  • Binance announced last week it acquired Swipe, which is based in the Philippines, for an undisclosed sum.
  • Many existing crypto cards are prepaid and require users to top-up before using; Binance card is connected directly to a user's wallet and works like a traditional debit card.
  • Josh Goodbody, Binance's director for European growth, said the Binance Card was a "critical" part of the company's expanded offering.

Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
The Metaverse Will Make Gamers of Us All

Fundamentally, the "metaverse" is a game – but one with real consequences and opportunities. This article is part of "Metaverse Week."

Fundamentally, the "metaverse" is a game – but one with real consequences and opportunities. This article is part of "Metaverse Week."

CoinDesk - Unknown
2
CoinDesk - Unknown
Fed Survey: 12% of US Adults Held Crypto in 2021

It marks crypto’s first appearance in the central bank’s “Economic Well-Being of U.S. Households” survey.

It marks crypto’s first appearance in the central bank’s “Economic Well-Being of U.S. Households” survey.

CoinDesk - Unknown
3
CoinDesk - Unknown
Metaverse Real Estate – Next Big Thing or Next Big Boondoggle?

Highly-prized pots of land are fetching fortunes on the biggest platforms. How do the economics of metaverse real estate stack up?

Highly-prized pots of land are fetching fortunes on the biggest platforms. How do the economics of metaverse real estate stack up?

CoinDesk - Unknown
4
CoinDesk - Unknown
DESK Is Back: CoinDesk Relaunches Social Token Into the Wild

After beta testing it last year, we’re rolling out DESK as an integral part of the experience at Consensus 2022 – and beyond.

After beta testing it last year, we’re rolling out DESK as an integral part of the experience at Consensus 2022 – and beyond.

CoinDesk - Unknown