The latest reports indicate that Ether payments are now available on the Binance Visa card that is now shipping to clients in the European Economic Area (EEA) zone. Binance, the biggest crypto exchange globally, has begun shipping its physical Binance Visa cards in the EEA area.
Based on a December 14 announcement, users in the EEA zone will soon get their physical Binance Visa cards. Clients that already ordered the card can now complete the delivery process in their card wallet.
In addition to debuting its physical cards in the EEA zone, Binance also added Ether (ETH) support to its cryptocurrency debit card. Hence, its users can now pay with the altcoin. Binance noted:
“Simply transfer Ethereum to your Card wallet and drag it above the other coins to make it the preferred payment asset.”
The physical Binance Visa card has a limit of 8,700 euros ($10,600) for daily spending, while the daily ATM withdrawals amounts to 290 euros ($350). As announced previously, the cards feature up to 8% cashback and zero fees until the coming year.
Binance officially announced its cryptocurrency debit card in the EEA zone in July 2021. At first, they offered virtual Binance Visa cards, and the company said at the time:
“For those who want a physical card, we will process these within the next couple of months.”
Since announcing the Binance Visa Card plans in April 2021, Binance has actively pushed the new product. After it rolled out the card in the EEA, the exchange now aims to expand worldwide and has launched its crypto debit card in nations like Russia.