Binance and MasterCard Introduce Seamless Crypto Conversion

In a groundbreaking announcement, Binance Holdings Ltd. revealed that European users can now effortlessly convert their cryptocurrency into fiat currency using MasterCard applications and cards. This innovative service marks a significant step forward in bridging the gap between digital and traditional currencies.

How the 'Buy & Sell' Service Works

Powered by Mastercard Move, the new feature allows users to sell their crypto and transfer the fiat balances directly to their card or withdraw existing fiat balances with ease. Available on both the Binance website and app, this service is set to revolutionize how users interact with their digital assets.

MasterCard's Expanding Ecosystem

MasterCard continues to expand its ecosystem with strategic partnerships, including a recent collaboration with Netflix Inc. for exclusive benefits and a payment flexibility scheme with PayPal Holdings. Meanwhile, Binance's partnership with Circle Internet Group Inc. aims to boost the adoption of USDC stablecoins, further solidifying its position in the crypto space.