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Mastercard and Binance terminate crypto card partnership, impacting Latin America and Middle East.

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Source: Reuters
Mastercard and Binance terminate crypto card partnership, impacting Latin America and Middle East.
Photo: Reuters
TL;DR Summary

Mastercard and Binance will be ending their partnership for crypto card programs in Argentina, Brazil, Colombia, and Bahrain as of September 22. The Binance cards allow users to make payments in traditional currencies using their cryptocurrency holdings. This decision comes as Binance faces legal and regulatory challenges, with U.S. regulators suing the exchange and its CEO in June. Mastercard's spokesperson did not comment on the reason for ending the partnership or who made the decision.

Topics:business#binance#crypto-card-partnership#cryptocurrency#mastercard#regulatory-challenges
Share this article
  1. Mastercard, Binance to end crypto card partnership  Reuters
  2. Binance to halt crypto debit card in Latin America, Middle East  Cointelegraph
  3. Mastercard to End its Binance Co-Branded Card Partnership  Bloomberg
  4. Binance to Withdraw Debit Card in Latin America, Middle East  CoinDesk
  5. Binance Exchange to Suspend Crypto Debit Card Offering in LatAm and Middle East – What's Going On?  Cryptonews
  6. View Full Coverage on Google News

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