Binance adds COP, KRW to buy crypto with Visa card
Tue, 14 Apr 2020, 09:52 am UTC
Crypto exchange Binance has added more fiat currencies to give its users more options when buying cryptocurrencies using its Visa card.
In its recent announcement, Binance revealed that it added Colombian peso (COP), South Korean Won (SKW), Kenyan Shilling (KES), Kazakhstan Tenge (KZT), and Peruvian Sol (PEN). These fiat currencies can now be used to buy crypto using Visa credit and debit cards.
A few weeks back, Binance also added Israeli Shekel (ILS), Argentine Peso (ARS), Malaysian Ringgit (MYR), New Taiwan Dollar (TWD), Swiss Franc (CHF), Singapore Dollar (SGD) and the Philippine Peso (PHP).
All of the aforementioned cryptocurrencies available for direct purchase with the said currencies include Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), BNB, Binance USD (BUSD) and Tether (USDT).
Users can enjoy the service by going to the Buy Crypto page and selecting “Pay with Credit/Debit Card.” Binance announced the launch of its Binance Card in March. The exchange takes pride in its Visa card because it offers more than regular payment cards do.
“The Binance Card does everything a regular payment card does, plus much more. It works like a regular debit card issued by your bank – which, in this case, is your Binance.com account. You simply top-up your card with funds through the Binance Card App in the form of Bitcoin or BNB, and you’re ready to go. It’s as simple as transferring BNB from one wallet to another,” Binance announced.
Binance Card is issued by Visa and it is accepted by over 46 million merchants offline and online in 200 regions and territories making it easier to shop and pay with cryptocurrencies. Binance cards can be used to shop for groceries, buy gifts and pay bills online.
It is currently available in a Beta version, but a physical card will be coming soon. Binance will make an initial release in Malaysia and it promised to add more countries as it goes along because the exchange wants to make it available worldwide.
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