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Binance and Mastercard launch crypto-to-fiat payment card
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finextra.comCryptocurrencies are converted to fiat currency in real-time at the point of purchase. Cardholders can also earn up to 8% in crypto cashback on eligible purchases and enjoy zero fees on ATM withdrawals.
Binance cardholders will be able to manage their cards through the card dashboard on the Binance App and website. Users will also be able to view their transaction history and access customer support via the card dashboard.
Maximiliano Hinz, general director of Binance in Latin America, comments: “Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. By using the Binance Card, merchants continue to receive fiat and the users pay in cryptocurrency they choose.
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