Binance, the leading cryptocurrency exchange, has announced a new feature allowing users in Europe to convert cryptocurrency to fiat and transfer funds to Mastercard cards.
Sell to Card vs Withdraw to Card
The new Sell to Card feature allows users to convert cryptocurrency to fiat and send funds to a linked card with nearly instant access to the funds. Users also have the option to use the Withdraw to Card feature to withdraw existing Euro balances, making it easier to spend cryptocurrency in everyday transactions.
Enhancing Crypto Spending Capabilities
With over 300 million users globally, the new features aim to simplify how customers interact with digital assets. The updated Sell to Card and Withdraw to Card functionalities enable users to swiftly convert their cryptocurrencies to fiat and withdraw funds.
Mastercard's Partnership with Binance
Binance is partnering with Mastercard to enhance financial tools for its users. "Our goal is to continue expanding our services with global leaders like Mastercard to widen access and possibilities for our broad global user base," stated Thomas Gregory, Vice President of Fiat at Binance.
The launch of the new crypto to fiat conversion feature underscores Binance's efforts to improve user services and strengthen its partnership with Mastercard, opening up new opportunities for convenient cryptocurrency usage in everyday life.
