On the occasion of its third anniversary, Binance announced the official launch of the Binance Card, which took place in the middle of the BinanceTurns3 virtual conference. The project had the crypto community in expectation and is finally available to users today.
BinanceTurns3 announced the official launch of Binance card
Binance Card uses the Visa platform, which allows cryptocurrencies to be used within the wallet to carry out transactions and as of today, it is already available to the public.
This was announced by the world’s leading cryptocurrency exchange, Binance at the BinanceTurns3 conference on the occasion of Binance’s third anniversary.
Binance Card will support a total of four cryptocurrencies at launch. These cryptocurrencies include Bitcoin (BTC), Swipe’s native token, SXP, as well as Binance’s native token, BNB, and stablecoin Binance USD (BUSD).
According to the announcement, the rollout of the Binance Card will allow users to instantly convert cryptocurrencies to fiat. It will also allow spending them on more than 60 million merchants in 200 regions and territories.
Binance stressed that the Binance Card will basically work like a traditional debit card. It won’t require users to manually convert cryptocurrencies to fiat before making a purchase.
It was also known by Binance CEO Changpeng Zhao during BinanceTurns3, that the digital card currently supports mobile payment platforms, such as Samsung Pay and Google Pay.
BinanceTurns3 Off the Charts talked about DeFi
During the virtual conference “Off the Charts”, to celebrate Binance’s third anniversary, expert panelists virtually met to discuss the rise in decentralization and DeFi.
During the panel, he highlighted the participation of Rune Christen, MakerDAO founder Joseph Lubin, best known for helping found Ethereum and ConsenSys. Also present was the founder of Outlier Ventures, Jamie Burke and representing The Defiant, Camila Russo.
In it, Rune Christen, founder of MakerDAO argued that: “DeFi is the way to break those centralized platforms, allowing countries cut from global finance to access and ultimately manage dollars and other currencies.”
Blockchain for Coronavirus
Blockchain is already dominating some industries despite being a nascent technology, said Don Tapscott, president of the Blockchain Research Institute.
At Binance’s “Off The Charts” virtual conference, the author of “Blockchain Revolution” said the technology was making waves in the financial services, healthcare industry and beginning to influence the oil and gas sector.
“I think this one is also great. That it could be a killer application for blockchain because we all care about our health “, said.
He noted the ability to use technology to combat pandemics, such as the use of blockchain for patient records.
Such systems allow patients to give researchers permission to use their health data under certain conditions. But patients retain control over them, Tapscott explained.
In a few lines …
- Robert Kiyosaki, author of “Rich Dad Poor Dad,” said investments in real estate and gold may not be the future of finance as the cryptocurrency takes up space.
- Japan-based cryptocurrency exchange Coincheck will soon offer support for BAT token holders.
- US authorities accused a man of obtaining aid funds from COVID-19 to invest in cryptocurrencies.
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