Binance’s CEO has just demonstrated the first use of Binance Card, a cryptocurrency debit card that was first announced by Binance in April 2020.
In a July 10 tweet, Binance CEO Changpeng Zhao revealed that he is taking part in Binance Card beta testing, featuring transactions involving Binance’s native token, BNB.
In the tweet, CZ noted that the beta test features “all real transactions” including Amazon’s audio store Audible, Uber alternative Grab, and a major e-commerce platform, Lazada.
CZ also said that the BNB payments were completed directly from his Binance account, while merchants accepted the payment in fiat. “Binance Card - I think I can finally go from 99% to 100% crypto,” Binance CEO added.
Binance’s crypto debit card is now officially powered by Swipe
Alongside Grab and Amazon transactions, CZ’s Binance Card transaction list also includes a transaction from Swipe, a Philippines-headquartered firm crypto-to-fiat debit card provider that was officially acquired by Binance on July 6. Shortly after CZ’s tweet was posted, Swipe retweeted the post, adding a short comment, “Powered by Swipe”.
Source: @SwipeWallet on Twitter
The latest news confirms expectations that Binance Card will be implementing Swipe technology. Announcing Binance Card plans in April, Binance apparently did not originally plan Swipe integration. After Binance acquired Swipe on July 6, Swipe COO John Khenneth told Cointelegraph that the two companies “will be working closely together to launch crypto debit cards throughout various regions in the world.”
Binance is pushing more adoption to its tokens including BNB each day. Yesterday, Tron’s BitTorrent added Binance’s USD stablecoin, BUSD, as payment option. As reported, BNB has been already supported on the platform for payments.