2020-7-15 22:48 |
As the crypto hype rises by the day in wake of an anticipated bull wave, crypto exchanges are working on revamping their goals and systems to reap most from it. Crypto exchange Binance is leading the way by laying strong foundations for any kind of wave and increased volatility.
In a news update, Binance announced that it has rolled out the Binance Card in Europe and the United Kingdom.
“We are delighted to finally get the Binance Card into our users’ hands, so they can start utilizing their crypto in their day-to-day lives,” said Binance’s Director of European Growth Josh Goodbody. “We see this product as a critical component within our ecosystem of services.” Goodbody also noted that “Binance is on a journey to create an open digital financial ecosystem for everyone, banked or unbanked.”
The Binance Card is set to be powered by the newly acquired Swipe, which facilitates the conversion of crypto to fiat.
The company explained that users from the specified region can load their Binance Card using their Binance wallet instantly.
Essentially, this is meant to bring digital assets to daily use and hence making them more practical than tools for speculative trading.
As most experts have pointed out, crypto projects that haven’t showcased their utility in the past few years since the 2017 bubble are poised to face a hard time catching up with the new anticipated wave.
“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). “We are looking forward to making the Binance Card available to users in other regions, as well as introducing new features to enhance the Binance Card experience through our partnership with Swipe”
However, Binance clarified that the cards will be available in Europe by next month, as the UK follows later.
Recent actions by Binance can indicate that they are anticipating a strong breakout, probably much stronger than the 2017/2018 euphoria.
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