Binance Sends Out Its New Debit Cards For Delivery: Report

Binance sends out its new debit cards for delivery, moving into the payment card space as we are reading more in the upcoming Binance news.

After many months of waiting, testing, and planning, Binance sends out its debit cards to customers and the shipping started in limited quantities according to Binance CEO Changpeng Zhao who tweeted and responded to a community member interested in the product. Previous reports show an August launch for the new debit card in European regions so they can be inferred as CZ means shipping to these customers in the regions will be able as well.

One of the biggest names in the crypto industry, Binance unveiled plans for new crypto-based debit cards in April 2020 called the Binance Card. The company proceeded to acquire crypto debit card business Swipe according to the reports, using the acquisition in tandem with the plans for a Binance Card. CZ even tested out the payment option and revealed in a Twitter post as a part of the product’s initial test phase. Binance publicized its plans for the August card launch in certain European regions that touted compatibility with crypto assets including Binance’s BNB and Bitcoin. CZ’s recent tweet shows even more developments for the Binance’s card which has seen a lot of headlines in July while Binance also posted a lot of headlines in 2020.

As per the recent reports, Binance destroyed $60.6 million BNB coins in its biggest burn ever in hopes to boost the price of the token. The burn removed approximately 3,477,388 BNB coins that are worth $60.5 million from its circulation. Binance destroyed BNB in the past quarters as well to boost the price of its native cryptocurrency however, this time, the burn didn’t boost the price. Crypto exchange Binance announced back on Friday its biggest burn ever removing $60.0 million worth of BNB from circulation.

Changpeng Zhao, the CEO of the leading crypto exchange Binance believes that there’s an ongoing altcoin season on the crypto market as in a recent interview he noted the Bitcoin’s increased stability joking that it became a stablecoin now. The community speculates that there’s an ongoing altcoin season starting and the CEO of the Binance exchange Changpeng Zhao confirmed the narrative that the 2020 altseason officially started saying that the data pretty much shows it.