Binance World's largest crypto currency exchange has announced to launch its own crypto backed debit card
Binance enters the crypto debit card space by launching its own binance debit card
The news was published on March 26 by binance on its official blog site.The card will be issued by visa.
The card will be unlocked for the users from south east asian countries at first under trial period.
Like other crypto currency backed debit cards binance will allow its users to spend and use crypto currency thru the card into fiat currency by establishing piggy bank network
Binance card will support bitcoin (btc) and binance coin (bnb) at the beginning of the testing period.
During the test period binance card will support USD ($) and cards transaction will be in USD($) only.
Users outside United states of america need to pay extra fee in order to exchange their local currency into foreign currency.
Beta testing period will start from april (2020) and it will be only available for Malaysian residents during this period.
Binance card will add support for its service on binances official app where users can manage their binance card balance.
After the beta testing period ends and binance gets positive reports from its user they will start preparing for its global launch.
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