Binance and Mastercard have partnered to launch a cryptocurrency to fiat currency payment card.
In Brief:
Users will be able to use the Mastercard to convert their cryptocurrency into fiat currency.
The card will be issued by Credencial Payments and is focused on Binance users in Argentina.
Those with a national ID will be able to make payments, including bills, with cryptocurrency.
What does this mean?
The card will convert the cryptocurrencies to fiat in real time at the point of sale, and Binance card holders can manage their cards through an app and website. Binance says it’s beneficial to enable customers to use their cryptocurrency more easily but also allow merchants to be paid in fiat.
