Binance exchange, the world’s top traded exchange has officially announced it’s second 2020 acquisition after Coin market cap. The exchange has officially acquired Swipe, a multi-asset digital wallet and Debit card platform that allows users to buy, sell, convert and spend cryptocurrencies.
Both companies will operate independently and work together in ensuring more mainstream adoption of cryptocurrency by bridging the gap between fiat and digital assets.
Swipe is available in 31 countries and has over 60 million locations where their debit card could be used as payment. They also listed BNB on their platform, this will help create more liquidity to BNB by making it available and spendable to Euro in all locations currently supporting Swipe Visa Debit Card.
Binance Card
Binance exchange had earlier announced earlier in April their plan on introducing a Binance Card that could be used to shop and pay with cryptocurrency anywhere in the world.
Today Binance CEO, Changpeng Zhao announced the beta testing of the Binance Card.
He showcased the first use of the Binance Card and also started that he is taking part in the card beta testing.