Binance launching Visa Debit Card in Ireland
Cryptocurrency exchange Binance has announced, as reported on MSN that their Visa Debit Card will be made available to Irish users.
I’ve come across a couple of varients of crypto credit cards over the years, but their one is trying to be a little different than most. When linked to your Binance account, it will use your cryptocurrency, and when you make a transaction, it will dynamically convert your crypto into fiat for the transaction which is then processed. This avoids some of the situations where you have to make a deposit onto other cards in crypto, convert it into fiat (at the price), and then you can lose out if the price of crypto increases in the meantime.
With over a million people using Revolut these days who seem to have tapped into the market of people annoyed with traditional banks, as well as younger users who don’t want to deal with fees, and it’ll be interesting to see if they develop any meaningful userbase within Ireland.
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