Binance prepares to acquire Swipe to launch the much awaited payment card
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Answer Binance prepares to acquire Swipe to launch the much awaited payment card
According According to media reports on Monday, Binance is in the process of finalizing the purchase of a majority stake in the startup Swipe, paving the way for the launch of the much-anticipated Binance payment card previously announced by Binance:
Binance Card for Cryptocurrency… Learn some of its details
Binance has made its final steps towards the deal to acquire a majority stake in crypto startup Swipe.io, which offers a wallet that supports multiple cryptocurrencies and also has a Visa card that supports cryptocurrencies.
Binance’s interest in Swipe is in line with its plan to launch a payment card that supports cryptocurrency.
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The deal is expected to be formally announced sometime this week, with Binance currently refusing to comment.
As we previously mentioned on the Arab Bitcoin website, Binance plans to obtain a payment card that supports digital currencies bearing its name, and Binance indicated at the time that the Binance card will provide the same functions as the regular card, in addition to some other unique features.
The Binance Card will be issued via Swipe as indicated by the same source mentioned above.
Swipe.io offers a multi-currency wallet app as well as a Visa debit card funded with crypto and fiat currencies.
Cards are issued by Contis Financial Services Ltd, which is a member of VISA authorized by the Financial Conduct Authority, as shown on Chance Swipe-mail.
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