Crypto

Binance no Longer Mentions Visa as Issuer of its Payment Card

There is always some controversy in the cryptocurrency world that shouldn’t be ignored. Binance, the world’s leading crypto exchange, is generating some negative attention as of late, this time with its announced payment cards.

It is evident that Binance remains the world’s biggest exchange.

More Binance Controversy to add to the Pile

Some recent developments involving this particular company have not gone over well with the community.

First of all, there was the removal of all FTX markets with little prior warning and users losing millions of dollars.

Earlier this week, Binance confirmed it had officially acquired CoinMarketCap, raising ample integrity-related questions.

To make things even more confusing, there are now questions regarding the company’s payment card.

Similar to other crypto companies, Binance wants to offer a payment card linked to Bitcoin and other cryptocurrencies.

In the first “announcement”, there was a mention of how this would be a Visa-branded payment card.

For some reason, the blog post now makes no more mention of Via, probably because the card issuer wants nothing to do with this exchange.

This doesn’t mean that the card will not be issued, however.

It does bring a lot of questions regarding the legitimacy of this project and what the future may hold exactly.


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JP Buntinx

JP Buntinx has been writing about cryptocurrency since 2012. His interest in crypto, blockchain, fintech, and finance allows him to cover a broad range of different topics.

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