Crypto exchange company Binance has announced the official launch of its crypto payments card, Binance Card in Europe and the U.K.
Binance said Monday that applications for a Binance Card would go live within the European Economic Area (EEA) starting in August, followed shortly by the U.K.
“By providing a tangible way to transact, convert, and spend crypto for everyday use, we are furthering our mission of making crypto more accessible to the masses. Giving users the ability to convert and spend their crypto directly with merchants around the world, will make the crypto experience more seamless and applicable,” said Binance CEO Changpeng Zhao (CZ).
Back in March, The Block published details about the Binance Card, though in the wake of that report, references to Visa were scrubbed from the related sites.
It later emerged that Binance was moving to acquire a stake in Swipe, a crypto card startup. That acquisition was completed earlier this month.