Binance has announced it is expanding its global footprint beyond the European Economic Area by terminating its Visa V debit card option in the region beginning Dec. 20. Despite no longer using Visa V, Binance accounts of European users will not be affected and other digital payment options like Binance Pay will remain accessible for payments. Through Binance Pay, users will be able to shop with cryptos and send them to merchants that accept them too. Mastercard and Visa have also ended their card partnerships with the legally complicated Binance prompting them to target new euro transactions partners to shore up the situation. All this comes in addition to their decision to review and make proper cuts to their portfolio of trading pairs, exiting certain geographies, and other series acts of regulation.
People interested in exchanges and digital asset payment options; the latest trends, innovations, and challenges in the digital asset industry can attend and learn more about it at Benzinga’s Future of Digital Assets conference on Nov.14 at New York. This gathering is sure to give a pivotal opportunity to the community.
