Cryptocurrency exchange Binance announced on the termination of the issuance and service of Visa debit cards in the European Economic Area.
Owners of physical or virtual Binance Visas will be able to use them until December 20, 2023. The reissue can be ordered until December 6th. The company offers Binance Pay as an alternative.
Binance Card launched in spring 2020. It allowed users to make purchases in Bitcoin and BNB at 46 million merchants in 200 countries. In September of the same year, Binance Visa cards became available in Europe.
In August, Bloomberg learned about the termination of cooperation between payment companies Visa and Mastercard with Binance amid the latter’s regulatory problems. In March CFTC filed a civil lawsuit against the platform. In June, Zhao made claims against Binance and its head Changpeng SEC.
In October, European users of the exchange were able to deposit and withdraw funds in euros. This comes after former partner Paysafe abandoned the service in September.
Source: Cryptocurrency
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