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Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: sirty143 on October 21, 2023, 02:00:15 AM

Title: Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit Cards
Post by: sirty143 on October 21, 2023, 02:00:15 AM
Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit Cards

(https://i.imgur.com/KemBggim.jpg)

Several reports have revealed that Binance, which is recognized as the leading crypto exchange by trading volume, intends to discontinue its Visa crypto card on December 20, 2023. The enterprise emphasized that only a “small number of Binance users” would be affected by this development. See more for yourself here (https://news.bitcoin.com/binance-to-sunset-visa-crypto-card-as-2023-sees-decline-in-digital-debit-cards/).

Your opinion is greatly appreciated.
Title: Re: Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit Cards
Post by: Wiseman on January 06, 2024, 08:44:47 AM
Very strange decision, it is not clear why they do it, I think it's all for profit or rather to say from the huge profit that they could not get by issuing such cards, today all such solutions or just cryptocurrency payments are extremely unprofitable, it is much more profitable to use p2p exchange.
Title: Re: Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit Cards
Post by: notblox1 on January 08, 2024, 01:02:30 AM
What are people using for every day payments then if reports are showing decline in debit cards?
I dont think that everyone switched to cash or cryptocurrency payments all of the sudden  ;D
Binance card was removed because of regulation issues.
Title: Re: Binance to Sunset Visa Crypto Card as 2023 Sees Decline in Digital Debit Cards
Post by: Wiseman on January 08, 2024, 08:34:06 AM
Quote from: notblox1 on January 08, 2024, 01:02:30 AM
What are people using for every day payments then if reports are showing decline in debit cards?
I dont think that everyone switched to cash or cryptocurrency payments all of the sudden  ;D
Binance card was removed because of regulation issues.
Perhaps the moment with regulation and not a big profit was decisive in the decision to suspend the issuance of cards and most likely their support, Binance is the largest stock exchange it is not interested in such a PR as the issuance of their cards, probably because of this they were previously issued.