Binance working on a crypto debit card?

By Andy Little on The Capital

A source close to Binance has provided vital information to blockchain media group “The Block” about an upcoming crypto debit card.

Upon the claims from the source, digging has found that GetBinanceCard.com is advertising the Binance Card. Where users will load crypto-currencies to Binance CEX and spend them at all Visa merchants worldwide.

Pulling at the thread further shows it registers the website to Moon Tech Pty Ltd and was set-up on January 22, 2020.

The site includes Binances name in the privacy policy page and included the lines:

“[y]ou may provide this information to us directly, or by signing in using a third party, including (but not limited to) your Binance account.”

It isn’t clear if the website is owned by Binance or what crypto-currencies they will support from their large listing on the Binance CEX. One thing is clear though from the site, they intend to offer the card worldwide, breaking into all markets.

There are several available crypto cards on the market but with the pulling power of Binance and the different tokens listed on their site, they could definitely make a very good go in the card market.

There is no expected timeline for the release of the card, nor is there any response from Binance about the card on Twitter.

Till the next time,

Andy