According to Binance management, now EU residents can apply for a Binance Card. The card will be available in August. UK citizens will soon have the same opportunity.
Last week Binance CEO Changpeng ZHAO reported successful beta testing. During testing, several transactions were made with stores that use the BNB token. It is known that the Binance Card will work like a traditional debit card. To pay for purchases or services, users do not have to manually convert cryptocurrencies to fiat. It is only necessary to choose which cryptocurrency to pay.
The card was first tested in Vietnam and Malaysia. In April of this year, the Binance CEO expressed concern that legal issues could arise when issuing a card in a country. Therefore, the issuance of such a card must be checked for compliance with local laws.
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