Binance reinstated cryptocurrency purchases with Visa and Mastercard

The Binance cryptocurrency exchange announced the restoration of operations with Visa and Mastercard cards through bank transfers and establishing maximum limits in euros and dollars

Major cryptocurrency exchange Binance reinstated the purchase of assets with Visa and Mastercard cards via bank transfers.

According to the information published by the platform, the service was restored for “a maximum single purchase of up to 5,000 euros, for an approximate value of USD 5,440 for transactions based on euros, and up to USD 20,000 for purchases based on US dollars.”

Card operations on Binance were suspended on December 20 in the European Economic Area (EEA) due to regulatory measures and after problems arose with the payment processor Paysafe, which abandoned the platform.

In any case, the reestablishment of operations will be done under stricter security measures accepted by Visa and Mastercard and will allow transactions in a fluid and monitored manner.

The SEC’s accusations against Binance and regulatory issues have kept the platform in crisis, which is beginning to regain customer trust in its quest to restore its balance in the market.


Source: cryptonews

(Reference image source: Kanchanara en Unsplash)

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