Binance users will be able to use VISA and MasterCard to buy cryptocurrency

The largest crypto exchange Binance announced that from now on its users will be able to pay for the purchase of virtual currencies using VISA and MasterCard..

This became possible thanks to cooperation with the Israeli payment company Simplex. Initially, customers will be able to buy in this way the most popular cryptocurrencies today: Bitcoin (BTC), Ripple (XRP) Ether (ETH) and Litecoin (LTC). Then coins can be exchanged for any of over 150 supported digital assets.

According to the head of Binance, Changpeng Zhao, the crypto industry is still in its infancy and most of the money in the world is fiat. Therefore, the creation of such a channel is now necessary to stimulate the development of the industry and attract new users. Simplex representatives say that the cooperation will allow exchange clients to make simple and fast payments, as well as simplify activities in the cryptocurrency market..

Binance users will be able to use VISA and MasterCard to buy cryptocurrency

This is not the first fiat project Binance. Previously, the exchange launched a platform on the island of Jersey, working with bitcoin, ether, pounds sterling and euros, and also opened a branch in Uganda, which allows you to exchange virtual currency for local shilling..

The BitTorrent ICO was recently held on the Binance Launchpad platform, during which all 59.4 billion BTT tokens were sold in less than 15 minutes and $ 7.2 million.

text: Ivan Malicheno, photo: sharespro

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