Binance Allows Users to Buy Crypto Using Debit Cards in 5 Fiat Currencies

Binance Allows Users to Buy Crypto Using Debit Cards in 5 Fiat Currencies

Binance, the world’s largest cryptocurrency exchange, is allowing citizens in five more countries to purchase cryptocurrency with their national fiat currencies using Visa debit and credit cards.

The new service, announced on April 10, will expand Colombian peso card support, South Korean win, Kenyan shilling, Kazakh tenge, and Peru’s neuvo sol.

A total of five cryptocurrencies are available for purchase at launch: Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), XRP, Binance USD (BUSD) and Tether (USDT).

The announcement by Binance, obviously a positive step for its international user base, follows shortly after yesterday’s exchange prompted one of its users to respond to allegations that the exchange had illegitimately blocked access to its account containing close to $1 million in crypto.

The charge, framed on behalf of the exchange as alleged embezzlement, has been rebuffed by Binance. It clarified that South Korean authorities had requested that the user’s assets be frozen as they allegedly received 3,995 Ether (ETH) through a scam for listing fees. The exchange later shared evidence that seems to contradict the claims made by the user.

Also this month Binance has announced its acquisition of CoinMarketCap’s stalwart crypto data site. Changpeng Zhao, CEO of the exchange, underlined that the site will continue to maintain its independence under the terms of the deal.

Cryptolydian reported earlier that, Binance has signed an agreement to acquire CoinMarketCap, the most accurate, real-time crypto data website.

CoinMarketCap to operate independently

Although the two parties are going to operate closely, CoinMarketCap will continue working independently, both companies confirmed.

Zhao said:

“Binance has no bearing on CoinMarketCap rankings. CoinMarketCap stays committed to providing the most accurate, timely and quality cryptocurrency data in the industry while benefiting from Binance’s expertise, resources and scale.”

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.