Binance, the major cryptocurrency exchange, has announced today that users in the 19 countries can now use Visa or Mastercard debit and credit cards to purchase a range of cryptocurrencies in seconds.
Buy #Crypto With Mastercard Now Available in 19 Countrieshttps://t.co/wt46p3YRwj pic.twitter.com/yv81xpvrvQ — Binance (@binance) April 3, 2020
The list of 19 countries is mentioned below:
Brazil
Colombia
Czech Republic
France
Germany
Indonesia
Italy
Latvia
Mexico
Netherlands
Norway
Poland
Russia
Slovenia
Spain
Switzerland
Turkey
UK
Ukraine
The report says that to use this service, users can go to Buy Crypto and select “Pay with Bank Card”.
However, in December 2019, Binance said that its users were able to directly purchase four cryptocurrencies after binding their accounts to Visa cards issued within the European Economic Area.
Also, in September 2019, it officially announced that its users were able to buy five cryptos including Bitcoin and Ether by using Visa and Mastercard through Koinal, a payment processing firm, for a 2.5% fee.
Thus, Koinal was then unavailable in a number of major jurisdictions globally, including the United States, Russia, and mainland China.
Source: binance.zendesk.com