Binance Issues Mastercard Support in Sell-Crypto-for-Fiat Feature
The world’s largest exchange, Binance, announced its support for Mastercard credit and debit cards in the UK and EEA (European Economic Area) for the sell-crypto-for-fiat feature. The announcement was made via an official blog on the Binance website. As per the announcement, users can now sell all cryptocurrencies for cash, after completing their account verification process. Moreover, users can instantly transfer received funds to Visa or Mastercard credit and debit cards. Binance initiated the sell-crypto-for-fiat for all cryptocurrencies back in May 2022, with support for 11 fiat currencies. The steps to sell crypto for fiat are pretty straightforward, with a guide available on the exchange’s website. Are payment giants going all in on crypto? Binance might be the one offering support for Mastercard in this instance, but payment giants are very eager to be in the cryptocurrency game. Recently Crypto.com announced that it would issue its Visa cards in Singapore.