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Binance CEOâs first beta transactions of Binance Card are powered by recently acquired Swipe.
Binanceâs CEO has just demonstrated the first use of Binance Card, a cryptocurrency debit card that was first announced by Binance in April 2020.
In a July 10 tweet, Binance CEO Changpeng Zhao revealed that he is taking part in Binance Card beta testing, featuring transactions involving Binanceâs native token, BNB.
In the tweet, CZ noted that the beta test features âall real transactionsâ including Amazonâs audio store Audible, Uber alternative Grab, and a major e-commerce platform, Lazada.
CZ also said that the BNB payments were completed directly from his Binance account, while merchants accepted the payment in fiat. âBinance Card - I think I can finally go from 99% to 100% crypto,â Binance CEO added.
Binanceâs crypto debit card is now officially powered by Swipe
Alongside Grab and Amazon transactions, CZâs Binance Card transaction list also includes a transaction from Swipe, a Philippines-headquartered firm crypto-to-fiat debit card provider that was officially acquired by Binance on July 6. Shortly after CZâs tweet was posted, Swipe retweeted the post, adding a short comment, âPowered by Swipeâ.
Source: @SwipeWallet on Twitter
The latest news confirms expectations that Binance Card will be implementing Swipe technology. Announcing Binance Card plans in April, Binance apparently did not originally plan Swipe integration. After Binance acquired Swipe on July 6, Swipe COO John Khenneth told Cointelegraph that the two companies âwill be working closely together to launch crypto debit cards throughout various regions in the world.â
Binance is pushing more adoption to its tokens including BNB each day. Yesterday, Tronâs BitTorrent added Binanceâs USD stablecoin, BUSD, as payment option. As reported, BNB has been already supported on the platform for payments.
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