Binance’s move into the payment card space takes flight as cards go out for delivery.
After months of waiting, planning and testing, Binance has begun delivering its debit cards to customers.
“This started shipping in limited quantities as of yesterday, I heard,” Binance CEO Changpeng Zhao, also known as CZ, said in a July 25 tweet, responding to a community member interested in the product.
Previous reporting shows an August launch for the card in European regions, so, it can be inferred, CZ means shipping to European customers at this time.
Cointelegraph reached out to Binance for additional details but received no response as of press time. This article will be updated accordingly should a response come in.
Binance unveiled the card in 2020
One of the biggest names in the crypto industry, Binance unveiled plans for a crypto-fueled debit card in April 2020, called Binance Card. The company proceeded to acquire crypto debit card business Swipe, according to July reporting, using the acquisition in tandem with its plans for Binance Card.
CZ tested out the payment option in July, revealed in a July 10 Twitter post, as part of the product’s initial experimentation.
By July 14, Binance publicized its plans for an August card launch in certain European regions, touting compatibility with four digital assets, including Bitcoin and Binance’s BNB asset.
CZ’s recent tweet shows further development for Binance’s card, which has seen numerous headlines in July. Binance itself has also posted a plethora of headlines in 2020 amid a wild year.