On October 24, Binance partnered with Paymonade to allow users to sell cryptocurrencies directly to VISA and Mastercard.
On Thursday, the leading cryptocurrency exchange Binance made important news for its users, which streamlined the options that are available on the cryptocurrency trading platform.
The cryptocurrency exchange revealed that it has partnered with Paymonade, a prominent cryptocurrency payment technology solution, to enhance consumer accessibility to direct cryptocurrency sales. The trading site has just introduced a feature that enables users to sell cryptocurrency directly to credit and debit cards.
Binance Offers Direct Crypto Selling, Refining Platform Offerings For Users
Binance announced in an official release on October 24 that it will launch a service that allows users to sell cryptocurrency straight to credit and debit cards (VISA and Mastercard). In collaboration with Paymonade, the exchange has provided this service.
The service is particularly noteworthy as it allows users to seamlessly sell and convert their cryptocurrency holdings into local currencies, immediately transferring the resulting funds into their bank card.
Primarily, this move by a leading cryptocurrency exchange has simplified the cryptocurrency conversion process, leading to a surge in global user base. However, in order to make use of the aforementioned service, customers must first finish the verification procedure for their accounts and pass the verification process that Paymonade has in place.
Additionally, Binance has informed customers that users worldwide will gradually have access to the service. In order to provide some background information, a user can sell cryptocurrencies directly to a debit or credit card by going to the ‘Sell Crypto’ page on the blockchain platform.
It is then possible for the user to make a sell order by selecting “Paymonade (VISA/Mastercard)” and then clicking the “confirm” button. However, as previously mentioned, the service won’t be available until the cryptocurrency trading platform’s security verification is complete and the Paymonade page integrates a Visa or Mastercard card.
Following the completion of the process, users will have the ability to receive funds on their specific Visa cards. Taking the change into consideration, it is clear that the company is attempting to increase the platform’s user appeal.
Through the introduction of new trade offers, the exchange is doing its best to further solidify its position as a significant participant in the sector. Meanwhile, the exchange has proceeded to innovate additional trade options for consumers, further strengthening its leadership within the market.
Recent Advancements Garner Further Attention
Particularly noteworthy is the fact that Binance has lately introduced a stockpile of cryptocurrency token listings in an effort to penetrate growing regions and provide its users with expanded possibilities in relation to the same.
The exchange reportedly handed out Simon’s Cat perpetual listing not too long ago, which prompted a forty percent increase in the price of CAT.
Notably, the token has gained almost 65 percent up to this point. During the same time period, the cryptocurrency exchange delisted four different cryptocurrencies, which sparked more market discussions all across the world.
