Binance Card will launch in the UK and Europe

Binance CEO Changpeng Zhao announced in a blog post today the upcoming roll-out of the new Binance Card in Europe and the UK.

The Binance Card is powered by the recently acquired Swipe Startup and it the users will be able to hold BTC, BNB, SXP (native Swipe asset) and BUSD on their card and use it like a traditional Credit/Debit (Prepaid) Card. The funds will be converted to fiat each time the point-of-sale transaction occurs and not on the top-up of the card which can be made out of the Binance Spot Wallet. Furthermore, they announced a BNB Cashback on their announcement on Twitter.

The application process will start in August on card.binance.com.