https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Swipe’s purchase by Binance, Forex-News, Forex-News
Bitcoin
$35,834.51
-687.76
Ethereum
$1,231.84
-0.74
Litecoin
$143.22
-1.52
DigitalCash
$124.38
-1.42
Monero
$155.60
-1.11
Nxt
$0.01
0
Ethereum Classic
$7.68
-0.19
Dogecoin
$0.01
0

Swipe’s purchase by Binance

4
, Swipe’s purchase by Binance, Forex-News, Forex-News


, Swipe’s purchase by Binance, Forex-News, Forex-News

One of the big debts in the development of cryptocurrencies has been the mass adoption. Well, after eleven years since the birth of Bitcoin, crypto assets have not managed to become currencies used on a large scale for the acquisition of goods and services. Therefore, the purchase of Swipe by Binance, and the foreseeable launch of a debit card from the exchange, is quite an achievement for the crypto world, as Changpeng Zhao comments in the Tweet of the day:

The effects of the purchase of Swipe

Since its inception, the main objective of Bitcoin, and in general of the entire crypto community, is to compete with traditional fiat money. Positioning cryptocurrencies as an alternative for conducting financial transactions around the world. As well as a savings mechanism and means of payment for goods and services.

However, to achieve this cryptocurrencies would have to reach high levels of adoption. Enough so that acceptance of Bitcoin as a means of payment becomes common in merchants around the world. Something that seems difficult to achieve, at a time when operations on the BTC Blockchain can take up to 30 minutes to execute.

This is where Swipe, a company that offers a cryptocurrency wallet, linked to a physical debit card backed by Visa, comes in. And, this company would have been recently acquired by Binance, being the latest in a series of acquisitions by the exchange to expand its already-nurtured ecosystem. In what Changpeng Zhao considers to be an achievement for the crypto world:

The meaning of a card escapes many people. It allows people who want to stay in crypto to stay in crypto, and merchants who need to accept ‘fiat’ to do so. Uniting two parallel worlds. Cryptocurrency is no longer sold, the fiat is withdrawn and the card is paid for. Life with #BNB becomes simpler

Thus, the Swipe platform would become part of the Binance platform. Allowing crypto users to pay for their purchases using cryptocurrencies. Merchants receiving fiat money directly into their bank accounts. In a move that Zhao hopes will increase the adoption of crypto assets.





, Swipe’s purchase by Binance, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Swipe’s purchase by Binance, Forex-News, Forex-News
1 Comment
  1. , Swipe’s purchase by Binance, Forex-News, Forex-News
    ปั้มไลค์ says

    Like!! Really appreciate you sharing this blog post.Really thank you! Keep writing.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More