In what seems like a great news regarding a wider crypto adoption, Binance just recently announced the official rollout of Binance Card.
Starting with August this year, Binance users from EEA ( European Economic Area ) will be able to apply for a Binance Card. United Kingdom users will be able to do the same shortly thereafter.
In the beginning there will be 4 currencies supported : BTC, BNB, SXP and BUSD. This will allow users to spend their crypto at over 60 millions users worldwide across 200 territories worldwide.
The difference between Binance Card and other Crypto Cards currently available on the market is that with Binance Card, your crypto remains in it's native form until the transaction occurs thus making it much more similar to your regular debit card. The other crypto cards require you to convert your crypto to fiat manually and bassically load up your card afterwards making it more like prepaid card.
In light of the recent Binance Card news, Binance CEO, Changpeng Zhao said:
"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."
So, what do you guys think? Can this have a great positive impact on the crypto adoption as whole?