Mastercard and Binance terminate crypto card partnership, impacting Latin America and Middle East.
Originally Published 2 years ago — by Reuters
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.