This Tuesday the company Binance, dedicated to the exchange of cryptocurrencies, announced the market launch of its Visa debit card, with a 7% refund rate for payments made in the 60 million establishments of the Visa network around the world.
In an official statement, the company assured that Binance Card works like a traditional debit card associated with a wallet that supports Bitcoin (BTC), Binance Coin (BNB), Swipe (SXP) and Binance USD (BUSD).
The wallet connected to a Binance account automatically converts payments processed in cryptocurrencies into fiat currency, facilitating transactions through points of sale on the Visa network.
It is expected that this financial instrument will allow it to acquire greater relevance and visibility in the European community, being the spearhead in payment applications such as Google Pay and Sasmsung Pay, due to the link that Binance Card has with them, which offers more possibilities of conversion and spending of supported cryptocurrencies.
So far it is known that the company will not charge commissions for the use of the debit card, although it specifies that this does not exclude the collection of commissions by third parties.