Mastercard and Binance terminate crypto card partnership
The crypto card program between the two giant companies will end from September 22.Mastercard and Binance terminate crypto card partnershipCan you use Mastercard on Binance?Does Mastercard work with crypto?What is the disadvantage of Binance card?Does Binance accept Mastercard for withdrawal?The partnership between payment giant Mastercard and cryptocurrency exchange Binance is coming to an end.Four crypto card programs by Mastercard and Binance in Argentina, Brazil, Colombia and Bahrain will be discontinued from September 22, a spokesperson for Mastercard said in an emailed statement, Reuters reported.Binance-based credit cards allow users to pay with fiat currencies using crypto assets on the exchange.Mastercard has a similar partnership with Gemini. A spokesperson for the company emphasized that this move will not affect any of Mastercard's other crypto card programs.Binance's problems with regulators continue
The world's largest stock exchange continues to struggle with pressure from regulators. The Securities and Exchange Commission (SEC) sued Binance and its founder in June. The allegations include unregistered sale of securities.Raj Dhamodharan, Mastercard's head of crypto and blockchain, said last April that the company is seeking more partnerships.A spokesperson for Mastercard declined to comment on why the partnership with Binance ended.Binance has yet to respond to the request for comment.Binance's customer support account at X said in a statement today that Binance credit cards will no longer be available to users in the Middle East and Latin America.You can follow our Twitter account and Telegram channel to be informed about the latest developments.
The crypto card program between the two giant companies will end from September 22.Mastercard and Binance terminate crypto card partnershipCan you use Mastercard on Binance?Does Mastercard work with crypto?What is the disadvantage of Binance card?Does Binance accept Mastercard for withdrawal?The partnership between payment giant Mastercard and cryptocurrency exchange Binance is coming to an end.Four crypto card programs by Mastercard and Binance in Argentina, Brazil, Colombia and Bahrain will be discontinued from September 22, a spokesperson for Mastercard said in an emailed statement, Reuters reported.Binance-based credit cards allow users to pay with fiat currencies using crypto assets on the exchange.Mastercard has a similar partnership with Gemini. A spokesperson for the company emphasized that this move will not affect any of Mastercard's other crypto card programs.Binance's problems with regulators continue
The world's largest stock exchange continues to struggle with pressure from regulators. The Securities and Exchange Commission (SEC) sued Binance and its founder in June. The allegations include unregistered sale of securities.Raj Dhamodharan, Mastercard's head of crypto and blockchain, said last April that the company is seeking more partnerships.A spokesperson for Mastercard declined to comment on why the partnership with Binance ended.Binance has yet to respond to the request for comment.Binance's customer support account at X said in a statement today that Binance credit cards will no longer be available to users in the Middle East and Latin America.You can follow our Twitter account and Telegram channel to be informed about the latest developments.
