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Binance shutting down European Visa debit card in December

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.According to a Binance letter to customers posted online, the Binance card issuer, Finansinės paslaugos “Contis” — or Contis

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Wirex taps ZK-proofs for noncustodial crypto debit card issuance

Crypto payment service provider Wirex announced the launch of a zero-knowledge proof (ZK-proof)-based noncustodial crypto debit card service called W-Pay on Oct. 3.Wirex’s new decentralized solution utilizes Zero-Knowledge technology and is built on Polygon's Chain Development Kit (CDK), promising increased scalability and security. Polygon CDK has been built with ZK proofs in focus

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Binance to halt crypto debit card in Latin America, Middle East

Cryptocurrency exchange Binance will suspend its crypto debit card services in Latin America and the Middle East from Aug. 25.The crypto debit card worked like other debit cards, allowing users to pay for day-to-day goods and services. The only difference is that these cards were funded by cryptocurrency assets.The crypto

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NFT-styled debit cards the future of Web3 — Animoca founder on $30M hi investment

Animoca Brands co-founder and executive chairman Yat Siu sees significant potential in the personalization of Web3-based services as his firm earmarks $30 million for the neobank platform hi.Siu’s investment firm plans to invest in the Web3 app that combines a cryptocurrency exchange, digital banking services and a customizable nonfungible token

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Gate.io Launches Visa Crypto Debit Card in Europe amid Mainstream Crypto Adoption

The parent company of Gate.io has partnered with electronic payment facilitator Visa to introduce a crypto card to users in Europe.  Crypto exchange Gate.io is launching a crypto debit card, in conjunction with payment processing giant Visa (NYSE: V), for European users. According to reports, Gate.io’s parent company Gate Group plans

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