Binance recently announced its decision to discontinue Binance Card services in Europe by December. This development follows Binance’s move to reinstate Euro payments for its European clientele.

On October 20, Binance made public its intention to discontinue card services for customers in the European Economic Area (EEA), encompassing EU nations and countries like Iceland, Liechtenstein, and Norway. While Binance didn’t specify the rationale behind this decision, it assured users that their accounts would remain unaffected.

Binance Card Services

Binance Visa Debit Card holders in the EEA region will have until December 20, 2023, to use their cards. After this date, card-based purchases will no longer be possible.

Binance advises users to explore Binance Pay for their payment needs going forward. Importantly, this discontinuation pertains to all card services in the region, including the Ukraine Refugee cards. However, Binance notes that users will still receive cashback as usual.

Binance’s choice to discontinue these card services coincides with the earlier termination of its partnership with Mastercard in August, a decision that was not publicly explained.

Resumes Euro Payments

Meanwhile, BInance’s latest move coincides with its recent efforts to restore Euro payment services for its European customers.

On October 19, Binance Go to Source to See Full Article
Author: Oluwapelumi Adejumo

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