Fun

Binance Launches Prepaid Card in Colombia

News Feed - 2023-03-13 08:03:04

Binance Launches Prepaid Card in Colombia


Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina. Binance Announces Crypto Prepaid Card in Partnership With Movii


Binance, the biggest cryptocurrency exchange in volumes traded, is making moves to expand its services in Colombia. The company announced the launch of a new prepaid cryptocurrency-linked card, that will allow users to pay with crypto in all merchants accepting standard debit and credit cards.


The product is part of a partnership with Movii, a Colombian neobank that also issues its own Mastercard card. Among the currencies supported by the card will be BNB, BTC, ETH, ADA, DOT, SOL, SHIB, XRP, MATIC, LINK, and other stablecoins, with the user being able to configure which currency will be spent.


The card will feature real-time exchange from crypto to fiat currency, allowing users to spend crypto, and merchants to receive fiat instantly. Binance also announced that the prepaid card will feature zero-fee withdrawals in ATMs, offering up to 8% in cashback rewards in selected purchases.


While it is still in the beta stages, Binance announced it will be launched to a wider audience soon. Colombia: Another Expansion Spot in Latam


Binance thinks Colombia is one of the countries where crypto will have the biggest adoption in the future, and believes it can support this growth with the launch of this kind of service. Daniel Acosta, general manager of Binance Colombia, stated:


Colombia is a very relevant market for Binance. We believe that offering a Binance card will foster an even broader adoption of cryptocurrencies among Colombians, which will contribute to the development of the blockchain and crypto ecosystem in the country.


Colombia is the third country that sees the release of a card product from Binance in Latam. Argentina saw the release of a similar card in August, being the first market in which Binance entered with this product. The exchange released another prepaid card product in Brazil in February, putting a special significance on the usage of the product to streamline payments, and how crypto can be more useful in this field. Tags in this story Argentina, Binance, Brazil, colombia, Cryptocurrency, Daniel Acosta, latam, Movii, Payments, prepaid card


What do you think about the release of the Binance prepaid card launched in Colombia? Tell us in the comment section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Binance Trains Ukraine’s Cyberpolice and Security Service EXCHANGES | 1 day ago Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance EXCHANGES | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games Next articleBitcoin, Ethereum Technical Analysis: BTC Back Above $22,000 as Silicon Valley Bank Depositors Are Rescued Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand"


Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Cointelegraph Innovation Circle8 hours agoLaunching a DeFi company? 9 tips for choosing the best localeEven in a digital era, choosing the right location for a new DeFi business can be a critical and complex task.424 Tot
Bitcoin Network Experiences Slight Dip in Difficulty After Record High
Bitcoin Network Experiences Slight Dip in Difficulty After Record High Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 tr
Best Wallet Low Cap Coin Raises $7.6M as XRP Nears All-Time High and Market Prepares for Bull Run
Look out, here comes XRP! In the wake of the US presidential elections, XRP’s engine began to rev. Now, with the inauguration of President Trump only hours away, XRP is taking off! XRP Rides To Near All-Time High
Crypto Analyst Predicts XRP Price Could Shoot To $12 Soon
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF
Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-t
Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation
Jesse Coghlan2 hours agoBitcoin dips as ETFs break 19-day green streak, rumble over US inflationTraders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a
Ana Paula Pereira16 hours agoAlibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz’s ideal portfolioDuring a recent interview with Bloomberg Wealth, Novogratz touched on topics ranging from investing to Ripple’s c
Bitoro launches perpetual futures on Injective protocol
Vince Quill3 hours agoBitoro launches perpetual futures on Injective protocolThe perpetual futures trading network is now available on five other ecosystems, including Avalanche, Base, Arbitrum, Optimism, and Mantle.1036
Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls
Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls The bitcoin rewards platform Lolli has announced the company has clos
Telegram Token Investors Reject Refund Offer
Investors in Telegram’s blockchain project have opted to stick with the firm despite the U.S. Securities and Exchange Commission (SEC)’s recent injunction against the messaging platform’s token offering.
Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus
Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus Exmo, a U.K.-based crypto exchange with extensive presence in Eastern Europe, is pulling out of Russia, Bel
Crypto Asset Manager Grayscale Launches ‘Future of Finance’ ETF in Partnership With Bloomberg
Crypto Asset Manager Grayscale Launches "Future of Finance" ETF in Partnership With Bloomberg Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale