2023-10-20 15:31:10
Binance has announced that it will no longer be possible to use the popular Binance Visa card after December 20, 2023. An era, that is, a popular program, is coming to an end. The world’s largest crypto exchange notified users via e-mail that on December 20, 2023, it will terminate the Binance Visa Card program, which is also very popular among Hungarians, meaning that the crypto card will not be able to be used from midnight on that day. Funds stored on Binance accounts will not be affected by the measure. Users can buy and send cryptocurrency using Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance. The Visa program will end because the Binance Visa Debit Card program issued by UAB “Finansinės paslaugos ,,Contis” belonging to the Solaris Group will cease in two months. Binance asked users to destroy the card by cutting the chip and magnetic strip. Processing of cashback refunds and claims after purchases will continue as usual until and after the Binance Visa Debit Card program is closed. It was possible to pay with several types of crypto In the spring of 2020, Binance announced that it would join the world of crypto cards and launch the Binance Card service. The news was not a big surprise, as Binance had acquired the crypto card company Swipe shortly before this. The essence of the card was that the cryptocurrency held in our Binance account was automatically exchanged for fiat money by the card during purchases. So we were able to use it for payment just like a regular bank or credit card. The card allowed payment with several cryptocurrencies, including bitcoin (BTC), Binance Coin (BNB), ether (ETH) and Binance USD (BUSD) stablecoin. Since it was a Visa card, you could pay with it at more than 60 million merchants around the world.
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