world biggest Exchange Binance and Visa debit card company Swipe announced a partnership yesterday that Binance Exchange users can buy, sell, convert and spend cryptocurrencies. both companies agree to work together for the adoption of crypto and other currency in the mainstream industry. Binance acquired Swipe at an undisclosed amount of sum.
“Swipe’s goal is to further synchronize crypto with fiat currency-based
transactions," said Swipe CEO Joselito Lizarondo. "Partnering with Binance, given their world-recognized track record and user base, alongside a team that constantly executes, will place Swipe in the position to make cryptocurrencies more accessible for millions of users worldwide. We are excited to work with Binance to continue innovating in this crypto-banking space to further build towards mass adoption on our current and future product lines."
Swipe has listed BNB on its platform, allowing users to buy and sell BNB with their linked bank accounts, through Swift wire transfers and Single Euro Payments Area (SEPA), making BNB spendable with fiat at over 50 million locations worldwide through the Swipe debit visa card.
“To achieve our mission of making crypto more accessible to the masses, off-ramps are a key component as well. By giving users the ability to convert and spend crypto directly, and have merchants still seamlessly accept fiat, this will make the crypto experience much better for everyone,” said Exchange Binance CEO Changpeng Zhao (CZ).
“Swipe’s exceptional team has made great strides in furthering this mission and has been instrumental in the industry for bridging the gap between commerce and crypto. The Swipe Wallet alone is unique which acts as a digital bank account for its users, providing access to traditional banking services. We are thrilled to work with a team that shares the same core values and looking forward to our larger efforts ahead.”
Binance has been on an acquisition spree from the last couple of years and is continuing its global expansion. in some time Bianance exchange acquired lots of companies like Wazirx Exchange , Coinmarketcap Travelbybit etc.The founder and the CEO of Exchange BinanceZangpeng Zhao said that their platform is committed to furthering global crypto adoption by launching multiple services.