Cryptocurrency platform Binance has announced new features that allow European users to quickly convert their digital assets into euros and withdraw funds to Mastercard cards.
Overview of the New Features
The two new services, called ‘Sell to Card’ and ‘Withdraw to Card’, allow users to convert cryptocurrencies like bitcoin or ether directly into euros. The funds are then sent to their Mastercard without delays.
How the New Features Work
To use the new services, users need to go to the ‘Buy & Sell’ section on the Binance app or website, select either ‘Sell’ or ‘Withdraw’, and then choose ‘Card’ as the payment method. If their Mastercard hasn’t been added before, they will need to link it. According to Binance Vice President Thomas Gregory, these new features simplify the payout process, making it faster and more accessible.
Notes on the Partnership with Mastercard
Scott Abrahams, Executive Vice President at Mastercard, stated, ‘We are thrilled to provide Binance users in Europe with an enhanced payout experience, powered by Mastercard Move’. This demonstrates how companies are collaborating to improve user interactions with digital finances.
The launch of new features on Binance provides European users with quicker and more flexible ways to manage their crypto assets, making the use of digital currencies in everyday life more convenient.
