Image Courtesy: Binance.com
Since the announcement of the Binance Card in March, the crypto community has been looking forward to updates on when the debit card will finally be launched. Slated for distribution in Malaysia and Vietnam first, the card allows users to spend the Bitcoin (BTC) and Binance’s name sake token, the Binance Coin (BNB) in their wallets at merchants that support Visa cards. On July 10, Binance CEO Changpeng Zhao (CZ) took to Twitter to provide some updates on the card’s progress and revealed the tests he is doing on the Binance Card App.
The card has been tested with purchases on Asia e-commerce giant Lazada and the go-to ride-hailing app Grab which is used predominantly in Singapore, Malaysia, Vietnam and Thailand, and also on platforms which are more widely used in the US and Europe, such as Audible and Amazon.
The Binance Card will require a $15 USD activation fee which can be paid in BNB or BTC as well. As Binance fans from the rest of the globe wait to see which other countries the card will be launched in, individuals outside of Malaysia and Vietnam can register their interest in the card and this will help the exchange to gauge the spread of interest in different markets.
“I think I can finally go from 99% to 100% crypto,” said CZ.
You may also want to read: Crypto Payments Available for Expedia with Travala.com Partnership