Binance enables credit card payments for Bitcoin, Ethereum
Binance, one of the largest crypto exchanges by trading volume, has enabled users to buy cryptocurrencies using credit cards. The exchange has joined hands with the payment processor, Simplex, to roll out credit card payments on its platform.
“We want to provide Binance traders with fast and easy access to crypto, in the most secure way possible. Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On Binance.com, you can now buy crypto with credit cards and start trading in minutes,” said Changpeng Zhao, CEO of the exchange.
Binance customers will now be able to use Visa and MasterCard to buy Bitcoin [BTC], Ethereum [ETH] and Litecoin [LTC], according to the company blog.
The company aims at wider adoption of cryptocurrencies around the world by enabling credit card option to buy cryptos directly from their platform. “Easy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general,” opined Simplex CEO, Nimrod Lehavi.
Binance has over 80 cryptocurrencies listed on its exchange. Also, the company boasts a wide customer base with customers ranging from different countries. The crypto exchange mogul is also expanding its reach to different countries. It recently established its exchange on the European soil. It launched Binance Jersey and opened markets for GBP and EUR. According to Changpeng Zhao, the Binance CEO, it received “crazy demand” from the European customers. It also touched Africa by launching a local subsidiary in Uganda.
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