Binance Card Holders Now Have Access To Shib And XRP• August 6, 2022 9:50 pm • Comments
Binance cardholders now have access to both XRP and Shib.
In a new press release on Friday Binance announced it will now support three more altcoins which include XRP, Shib, and AVAX.
The Binance card allows holders to convert and spend cryptocurrencies in over 60 million stores but as of right now, the card is only available to Europeans and Ukrainian refugees.
As of right now the Binance card now supports over 14 cryptocurrencies.
— Binance (@binance) August 5, 2022
We are pleased to announce that @binance has added SHIB to the list of supported tokens for the Binance Card issued in Europe.
— Shib (@Shibtoken) August 5, 2022
Cointelegraph dropped these details:
Binance announced on Friday that its Binance Card now supports three new altcoins. Card users can now access their holdings of Ripple (XRP), Shiba Inu (SHIB) and Avalanche (AVAX).
The Binance Card allows its holders to “convert and spend cryptocurrencies in over 60 million online and physical stores.” However, the card is only available to European citizens and, according to the website, Ukrainian refugees. Prior to the escalation of the conflict in Ukraine, Binance had intentions of expanding its card reach into Ukraine by sometime this year.
With the latest addition, the card now supports 14 cryptocurrencies, including Cardano (ADA), Avalanche (AVAX), BNB, Bitcoin (BTC), Binance USD (BUSD), Polkadot (DOT), Ether (ETH), S.S. Lazio Fan Token (LAZIO), FC Porto Fan Token (PORTO), Santos FC Fan Token (SANTOS), SHIB, Swipe (SXP), Tether (USDT) and Ripple (XRP).
New additions to the supported crypto do not change the current payment preferences for those already using the Binance Card.
— cheggy (@cheggy19) August 6, 2022
U Today added to the story too:
Binance, one of the largest crypto ecosystems in the world, announced the addition of XRP, Shiba Inu (SHIB) and Avalanche (AVAX) as means of payment with the Binance Card. The cryptocurrencies are added to an already diverse roster, which includes BTC, BUSD and ETH, as well as tokens from SANTOS, PORTO and LAZIO soccer clubs actively supported by Binance. At this point, trying out the new payment methods will only be available to residents of the European Economic Area, as well as those Ukrainian refugees who have been given asylum in those countries.
To be able to operate in this region, the card was issued by Binance through the acquisition of a license for its affiliate in Lithuania. In other countries, Binance Card is not yet accepted for payment. If you are a Shib Army member or a long-term XRP holder, you will need to assign it the top priority in the list in order to pay with your favorite coin. In total, six cryptocurrencies must be prioritized, and the card can be used.
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