Crypto exchange Binance launches Instant Buy with Visa, now available around the globe
Mon, 23 Mar 2020, 06:39 am UTC
Crypto exchange Binance announced that Instant Buy with Visa is now available worldwide.
On Thursday, Binance launched Instant Buy with Visa and made the feature available in most countries and regions around the globe. Users in countries where fiat currency is not yet supported can still purchase cryptocurrencies like Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) and Ripple (XRP) conveniently in seconds using U.S. dollar (USD), Euro (EUR) or the British pound sterling (GBP) with a Visa card.
The company announced that it will add more currencies in the Instant Buy feature in the next 48 hours. Binance will be adding Vietnamese Dong (VND), Brazilian Real (BRL), Australian dollar (AUD), Indonesian rupiah (IDR), South African rand (ZAR), Hong Kong dollar (HKD), and Indian rupee (INR).
However, the service will not be available in some countries and regions. Instant Buy with Visa is not accessible in Mainland China, Japan, Canada, Luxembourg, Gibraltar, Bolivia, Ecuador, Pakistan, Colombia, Egypt, Bangladesh, Nepal, Morocco, Belarus, Congo, Cuba, Iraq, Iran, North Korea, Sudan, Syria, Zimbabwe, Crimea.
In February, Binance made this feature available but only on the mobile browser. But it promised to eventually bring it on the mobile app.
“Cryptocurrencies can now be bought instantly with Visa card on Binance. This functionality has now been optimized for the mobile browser and will come to the Binance app in a future update,” Binance wrote.
Meanwhile, Binance has just brought its peer-to-peer trading to Latin America with integration to five fiat currencies including Brazilian Real (BRL), Argentine Peso (ARS), Colombian Peso (COP), Mexican Peso (MXN) and Peruvian Sol (PEN). Following the integration, users can buy and sell BTC, ETH, Tether (USDT), BNB, and Binance USD (BUSD) using any of the aforementioned Latin American currencies without transaction fees.
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