Binance Resumes Crypto Purchases with Master Card
CryptoNewsTerminal Staff06 Jun, 2024
Binance Resumes Crypto Purchases with Master Card
Binance, one of the world's largest cryptocurrency exchanges, has resumed allowing users to purchase cryptocurrencies using Mastercard. This is a significant development as it reverses the suspension of Mastercard and Visa services for Binance purchases last August. According to Coindesk, Binance has confirmed that Mastercard payments are now accepted on the platform. Additionally, Binance-branded Visa cards will also be supported, and the ability to withdraw funds using Mastercard will be enabled soon. This news is likely to be welcomed by Binance users, as it provides them with an additional option for purchasing cryptocurrencies. It also suggests that the regulatory landscape for cryptocurrency exchanges is becoming more favorable. In addition to Mastercard, Binance has also recently partnered with other payment providers, such as Advcash and Simplex. This is part of Binance's ongoing effort to make it easier for users to buy and sell cryptocurrencies.
