Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: cryptochris1 on January 31, 2019, 03:19:42 PM
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Binance is adding support for credit card crypto purchases through its partnership with payment processor Simplex, according to a press release on January 31st.
Changpeng Zhao, Binance's CEO, said that the firm "wants to provide Binance traders with fast and easy access to crypto, in the most sucure way possible." Zhao added that the exchanges clients can purchase digital assets with credit cards and start trading in minutes.
Zhao continued explaining that " the crypto industry is still in its early stages and most of the world's money is still in fiat" which according to him is the reason why fiat gateways are important for the growth of the ecosystem.
Nimrod Lehavi, co-founder and CEO of Simplex said that for mainstream users, easy and fast credit card payments are a "key factor in wider adoption of crypto in general"
According to the press release, Binance users will be able to use Visa and MasterCard cards to purchase Bitcoin (BTC) Ethereum (ETH) Litecoin (LTC) and Ripple (XRP)
read full story at:https://cointelegraph.com/news/top-exchange-binance-adds-support-for-credit-card-purchases-of-major-cryptos
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I am late to read about this just now but Its a great news Binance has finally step up but actually some top exchanges are already doing this but given with binance reputation I think more traders will use it and more convenient using Visa and MasterCard I hope they will enable withdraw on the following debit and credit card payments too.