Binance May Add Support for Card Deposits …

Binance May Add Support for Visa and MasterCard Deposits

Update: Binance Confirms Information On Adding Bank Card Support

Binance, a cryptocurrency exchange, allegedly entered into an agreement with the processing service Simplex, thanks to which its users can be able to buy cryptocurrency using bank cards issued by Visa and MasterCard. ICO Drops Twitter account and Crypto Digest portal write about this, in particular..

It is assumed that users themselves will be able to choose the tokens that they want to purchase and use US dollars or euros for payment..

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Binance May Add Support for Card Deposits ...

Previously, support for buying cryptocurrency for fiat through Simplex was implemented on Litecoin.com.

As developer Matt Odell recently noted, commenting on the news that Binance may open crypto-fiat platforms in a number of regions, including Russia, its CEO is “very smart when it comes to regulatory arbitrage.” “He plans to support fiat in the following way: (1) Use separate legal formations in different countries of the world. (2) They will only support Bitcoin and Ethereum, which will reduce regulatory overhead, “he wrote..

Obviously, this opinion is not consistent with the proposed addition of fiat payments to the main platform Binance.com. The company itself has not published official announcements or denials to date..

Binance May Add Support for Card Deposits ...