In a brand new growth Binance cryptocurrency debit cards will debut in countries of the European Economic Area, or EEA.
Binance told Cointelegraph that EEA-based users will be able to apply for a Binance Card starting in August. While the United Kingdom will follow in the near future.
In a major development Binance debit card will support cryptocurrencies. It will include Bitcoin (BTC), Swipe’s native SXP token, as well as Binance’s native token BNB and stablecoin, Binance USD (BUSD).
The Binance Card rollout will allow users to instantly convert the cryptos to fiat according to a recent announcement. It will also allow to spend them at over 60 million merchants across 200 regions and territories.
“For example, if I have 50 euros in BTC and 50 euros in BNB, if I made a transaction for 75 euros, it would be approved and then it would deduct my crypto in the order I selected,” Swipe CEO said.