Binance Card Users Now Have Access To XRP And Other Major Crypto• August 7, 2022 7:40 pm • Comments
Binance just announced that its Binance Card will now support 14 different major cryptocurrencies with XRP , SHIB, and AVAX recently being added.
It is quite impressive that XRP support has been added given that fact that it has been involved in a lawsuit with the SEC which indicates the high level of demand that still exists for the digital asset.
With this support now added for these three crypto, this will essentially allow for Binance Card users to convert and spend their digital assets in online and physical stores.
Most of the support is mainly for European citizens, but this will still be considered a major step towards making cryptocurrencies usable for everyday transactions.
As a result, the biggest crypto exchange in the world announcing this new support could mean big things when it comes to mainstream adoption, especially for the digital assets that the Binance Card now supports.
#Binance Card has added $XRP, $SHIB and $AVAX to the list of supported cryptocurrencies.
Find out more ➡️ https://t.co/NF53ujOceN pic.twitter.com/xLmuUrB9N8
— Binance (@binance) August 5, 2022
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.
This development comes one day after Binance announced its partnership with Mastercard to bring prepaid cards to Argentina. The two financial service providers will team up in an effort to broaden payment possibilities to Binance users in the country.
Argentinian clients will be able to use BTC and BNB, among other cryptocurrencies, for purchases and withdrawals wherever Mastercard is accepted.
Earlier this year, Wirex added AVAX to its already large list of currency offerings on its crypto card. The platform offers users the ability to pay in 61 different currencies, both fiat and cryptocurrencies.
The Binance Card is not the only initiative that is launching in the European Union as other companies are also working on similar solutions.
For example, the company called “Nexo” has also came out with a card as a result of a partnership with Mastercard which would allow for the convenient spending of crypto.
This card is also only available for European citizens which means that Europe as a region is making significant progress when it comes to making crypto widespread for regular transactions.
Whether or not the same could be said for the US is still to be determined as crypto regulations are expected to become more strict in the coming months.
Despite Ripple’s Legal Woes, Binance Card Adds Support For XRP For Payments https://t.co/gdZGeeaTPk via @The Crypto Basic
— Michael Branch (@Michael63140627) August 5, 2022
As of 2022-08-05 at 07:00 (UTC), there are 14 supported cryptocurrencies on Binance Card: ADA, AVAX, BNB, BTC, BUSD, DOT, ETH, LAZIO, PORTO, SANTOS, SHIB, SXP, USDT and XRP.
To spend the newly supported cryptocurrencies with Binance Card, please go to Card Dashboard > Payment Priority > Edit to add, remove or rank cryptocurrencies for spending according to your own preference.
Users must have at least six cryptocurrencies in their Payment Priority list. A maximum of 12 cryptocurrencies may be selected.
There will be no changes to the current Payment Priority preferences of existing Binance Card users with the addition of XRP, SHIB and AVAX to Binance Card.
Binance Card is issued by the licensed entity UAB “Finansinės paslaugos „Contis” and distributed by Swipe. Your use of Binance Card is subject to the terms and conditions set out in the Cardholder Agreement.
Your Binance Card can now get you even farther.
It now supports three new altcoins: Ripple, Shiba Inu, and Avalanche. https://t.co/4G7ZO2qrUs
— Cointelegraph (@Cointelegraph) August 7, 2022
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