Binance, the largest in terms of trading volume in the world of crypto-exchange, has opened up the possibility for users to purchase cryptocurrency using Visa and MasterCard credit cards.
Initially available direct purchase of Bitcoins (BTC) , Ethereum (ETH), Litecoin (LTC) and Ripple (XRP), in the future we plan to expand the list of available cryptoactive assets.
A new option is implemented by Binance in partnership with Israeli fintech-company Simplex.
“The crypto industry is still in its early stages, and most of the world's money continues to be in Fiat. Building Fiat locks is what we need now to expand the ecosystem, accelerate the introduction and distribution of cryptocurrency for more users , ”said Binance CEO Changpeng Zhao.
Earlier, Simplex had already helped integrate the function of paying for cryptocurrencies from credit cards into the Ethereum wallet MyEtherWallet, provided a similar option for purchasing LTC directly on Litecoin.com.
Binance, on the platform of which only cryptocurrency pairs are traded, has been moving towards the use of fiat money in recent months. The company's first cryptophyate exchange site, Binance Uganda, was launched last year in Uganda (Africa).
At the beginning of 2019, the Binance Jersey Cryptophyate Exchange began operations on the British island of Jersey. It was reported that the company plans to open such sites on all five inhabited continents. In 2019, the Binance branch should be launched with support for the fiat currency in Singapore.
Binance opened BitTorrent (BTT) trading
As expected, Binance opened the BitTorrent (BTT) token trading.
By the time of publication, the BTT rate paired with BNB reached 0.000083 (at a price of 0.00001824 BNB on the crowdsale), paired with the BTC – 0.00000014, with the USDT – 0.0005 (the dollar value of the crowdsale was $ 0.00012). Thus, in the first minutes of trading, the price of BTT increased more than 4 times.
The trading volume paired with Bitcoin in the first 15 minutes reached 5,500 BTC.
Publication date 01.02.2019
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