One of the best news for the crypto world of this year 2020 was the launch of the Binance debit card. And it is that, it was designed with the aim of promoting the adoption of cryptocurrencies around the world. Allowing crypto asset owners to make their day-to-day purchases in normal stores, without facing any type of obstacles. And today in the Tweet of the day Binance announced that it began to distribute its debit card:
The Binance debit card
For a long time, retail buying has been one of the great obstacles that the crypto world has faced. And it is that, since the operations in the chains of the main cryptocurrencies take several minutes to execute. Most of the businesses that require the immediate execution of their payments, do not accept the use of crypto assets as a means of payment.
Faced with this problem, companies in the crypto community such as Binance have been developing their own cryptocurrency debit cards in recent times. They deposit fiat money in the account of the business where we make our purchase. While they deduct the equivalent amount of cryptocurrencies from our account affiliated with the card.
In this way, debit cards like Binance’s bridge the gap between the crypto world and traditional commerce. Allowing users who prefer to keep their savings in crypto assets, can use them without problems to make their daily purchases. Not requiring to go through the cumbersome process of changes that is normally necessary. And now, these cards are beginning to be distributed to their first users, as indicated by Binance on its Twitter account:
«Binance physical debit cards are starting to be distributed».
The delivery of these debit cards would be one of the most important steps for the massification of the use of cryptocurrencies around the world. Well, although at the moment it is limited to only a small number of countries, Binance hopes to gradually expand its service throughout the planet.