Is MasterCard partnering with Binance?

Now, card and payments giant Mastercard MA -1.2% has announced a partnership with world’s biggest crypto exchange Binance to launch bitcoin and crypto payments in-store and online—while Mastercard rival Visa V -1.1% has also seen a ramping up of its crypto payments cards. Want to stay ahead of the market and understand the latest crypto news?

What is a Binance card & how does it work?

The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange. Mastercard's website also lists partnerships with crypto exchanges including Gemini. The decision will not impact any of Mastercard's other crypto card programmes, the spokesperson said.

When does Binance end a Crypto Card programme?

Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email on Thursday.

Can I buy stablecoins with a Binance card?

You can avoid this problem by purchasing stablecoins to use with your crypto card, as the price very rarely changes from its pegged value. What is Binance Card? Binance Card is a Visa debit card connected to your Binance account. By loading up your Card's Funding Wallet, you can spend crypto anywhere that Visa is accepted.