Exchange Binance Mastercard has issued a prepaid cryptocurrency card in several Commonwealth of Independent States (CIS) countries, according to Anka Tsintsadze, head of marketing.
Binance Mastercard is available to verified users in some CIS jurisdictions, including Armenia. The card allows instant conversion Bitcoin, эфириум, stablecoins, and over 100 supported tokens in local fiat currency when paying for goods and services.
Pay in crypto. Merchants receive fiat or crypto. The best way to promote crypto payments and crypto adoption, wrote the co-founder. Binance Changpeng Zhao, commenting on the service’s regional expansion.
The card supports both offline and online transactions at merchants accepting Mastercard. Cryptocurrency prepaid cardholders can earn up to 2% cashback on eligible purchases, up to a maximum of 20% per month.
Cardholders in the CIS countries can top up their balances in US dollars using credit or debit cards, Apple Pay, and Google Pay. In Uzbekistan, customers can top up their balances in Uzbek soums through the Humo card network, and in Kazakhstan, they can top up their balances in tenge through local banks and the Mastercard system.
The crypto card will only be available to users who already have a verified account with a provider that issues such cards, including a cryptocurrency exchange or bank that supports digital currencies.