Last updated on August 21st, 2020 at 04:46 pm
Thank you for reading this post, don't forget to subscribe!
Binance announces Binance Card, the crypto debit card that allows you to buy gifts for your loved ones, shop for groceries and pay for your internet bills.
Following the announcement on binance blog, binance will be launching its own crypto debit card called Binance Card and will be issued by Visa.
The Binance Card works like the normal regular bank debit card like GTBank ATM debit card. Binance Card owners can top-up their card with funds through the Binance Card App in the form of Bitcoin or BNB.
It works the same way you transfer cryptocurrency from one wallet to another wallet, like transferring BNB from one wallet to another.
Binance Card users can always use the card to make payments online and offline. You can always use it on merchants (POS) Point Of Sale service to make offline payments of food items, various goods and services offered by the merchant.
See Also: Is the Coronavirus Outbreak Affecting the World’s Economy a Chance for Cryptocurrency Adoption?
Using the Binance Card, you can buy gifts for your loved ones, shop for groceries, or pay your internet bill online. There is no need selling your crypto to pay bills, All you need now to make payment is your Binance Card.
The Binance Card is currently available as a virtual card in a Beta version. The physical card will be globally availabe for both old and new binance users in the coming weeks.
The card will first ship to Malaysia, followed by Vietnam, then other countries will follow up. You can subscribe to the Binance Card newsletter to know when your region will be available.
In other to activate your card for use, you will need to download Binance Card App, log in to your Binance account or register a new one, and complete simple and secure identity verification.
Meanwhile, to order a new Binance Card, you will have to pay a one-time fee of 15 USD.
You can pay for the card in form of Binance Card top-up through the Binance Card App by sending 15 USD funds in BNB or BTC from your crypto wallet to the Binance Card balance.
Download the Binance Card App to help you interact with your card and process top-up, ensure the security of your funds and other features.
The Binance Card App will be available soon.
About The Author
Tony Chimdiuto 
Nsikanabasi Edet