(Source: Binance)
Binance, the world's largest cryptocurrency exchange, announced on Monday that it has started sending out its physical Binance Visa credit card in the European Economic Area (EEA).
For those of who already ordered the card, they can now complete the delivery process in their Card wallet, the company said.
In addition to the physical card launch in the EEA, Binance has added Ether (ETH) support to its crypto debit card so that customers can now pay with its tokens.
It can be used to pay in cryptocurrency at over 60 million merchants worldwide, simply by transferring cryptocurrency to the Visa card wallet.
The physical Binance Visa card has a daily spending limit of โฌ8,700, while ATMs have a daily withdrawal limit of โฌ290.
As previously announced, these cards offer a cashback rate of up to 8% and no fees until 2021.
Since the announcement of the Binance Visa card program in April, Binance has been actively promoting this new product.
In July, it officially announced the launch of the crypto debit card in the European Economic Area, and since then the company intends to expand the business to more countries around the world.
On September 19, Binance said they were making the Binance Visa Card available to everyone in the European Economic Area.
With the Binance Visa Card, users can use the crypto assets in their Binance account to spend and transact at more than 60 million. In addition, users can link their Binance Card virtually with Google Pay and Samsung Pay.
Binance was co-founded by Zhao Changpeng and He Yi in August 2017 and had users covering more than 180 countries around the world within the first 50 days of launch. However, as Chinese law does not recognize digital currency exchanges, the company's main business is currently outside of China.
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