Binance, one of the largest cryptocurrency exchanges on the globe today, launched a feature to enable users purchase crypto using their credit and debit cards. This was announced a few minutes ago by the exchange.
Binance is doing this in partnership with Simplex, an Israeli payment processing company. This new portal will let Visa and Master card holders purchase crypto directly from the Binance exchange.
At the moment, the cryptocurrencies that can be purchased using debit and credit cards are Bitcoin (BTC), Ethereum (ETH) Litecoin (LTC) and Ripple (XRP).
Binance CEO Changpeng Zhao said that;
“The crypto industry is still in its early stages and most of the world’s money is still in fiat. Building gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users.”