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Binance Confirms The Shipping Of Its Crypto Debit Cards To Europe

Binance, the major cryptocurrency exchange, has confirmed the shipping of its crypto debit cards to Europe after a tweet from Binance CEO Changpeng Zhao (CZ), several days ago.

A Binance representative said:

“We began shipping a limited quantity of Binance Cards on July 24. The cards are being shipped to users in European Economic Area.”

It has been reported that CZ tweeted the news out in an unofficial capacity on July 25.

He said by referring to Binance Card, the exchange’s crypto-backed debit card:

“This started shipping in limited quantities as of yesterday, I heard.”

This started shipping in limited quantities as of yesterday, I heard. #Binance Card — CZ Binance (@cz_binance) July 25, 2020

Likewise, Binance announced the card in April 2020, followed by the company’s acquisition of Swipe, a digital asset debit card company. July brought news of card testing as well as an August European launch date for select parts of the continent. 

.@Binance confirms $crypto debit cards shipping to Europe, @benjaminpirus reports — Cointelegraph (@Cointelegraph) July 30, 2020

As per the report, Binance noted that the card will soon expand its reach.

The representative said:

“Binance Card will be available to order in the U.K. shortly. We consider it a global initiative and will be expanding to more countries and regions.”

However, the representative did not give any specific details on the card’s geographic expansion by saying that compatibility for additional countries will come slowly with time. 

Thus, the representative concluded:

“We want to make this crypto off-ramp available in more countries and regions this year and in the years to come.”

Source: Cointelegraph | Image: Bitshorts

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