Binance has announced that his visa card will be available for all eligible users in the EEA (European Economic Area).
The EEA is the common European market area of the European Union, but also includes non-EU countries such as Iceland, Liechtenstein and Norway.
It comprises a total of 30 countries, excluding, for example, Switzerland and Russia.
To celebrate this launch, Binance will offer users of its Visa card a refund of up to 7%. However, this percentage will vary depending on the level of the card the user owns, which in turn is based on the amount of BNB wagered on any of the Binance.com wallets.
All Binance users residing in the EEA can apply for the Binance Visa card and will also receive zero transaction, maintenance or subscription fees, as well as zero fees on payment transactions made in euros.
How does the Binance Visa card work?
The Binance card works with the Swipe platform, allowing digital assets to remain in their native form until the final fiat currency transaction occurs.
Swipe is a multi-asset digital wallet as well as a debit card platform designed to allow users to buy, sell, and spend their own cryptocurrencies. It is headquartered in the Philippines and has offices in the UK to provide services to European users.
This debit card supports NFC payment applications, including Google Pay and Samsung Pay, which offer various ways to convert and spend Bitcoin, Binance Coin, Swipe, and Binance USD in much of the world.
Users can top up their card wallet directly from their cash wallet on the Binance exchange and choose which order to load their assets (BTC, BNB, SXP, and BUSD).
Binance's European Growth Director, Josh goodbody, said:
“We are delighted with the positive response we have received from early adopters of our Binance Visa Card. By introducing new features such as NFC payment support and making the card available in more regions, the Binance Visa card will help us further our mission to make cryptocurrencies accessible to the masses. "