The world’s largest exchange, Binance, has officially announced that its cryptocurrency debit card is now available in Europe.
According to a Tuesday blog post, the Binance Visa Card is now available to everyone in European Economic Area, or EEA, countries.
To celebrate the launch in Europe, Binance is offering up to 7% cashback from purchases with the card. According to the firm, this is the highest cashback rate available in the market to date.
Binance noted that Binance Visa Card converts the user’s crypto funds into a local currency automatically, allowing them to spend crypto like Bitcoin (BTC) at 60 million locations around the world.
Since announcing its plans for Binance Visa Card in April, Binance has been aggressively pushing the new product. The Binance card officially debuted in Europe in July, with the firm claiming that EEA-based users would be able to apply for a card in August. As the Binance card is powered by Binance-owned crypto debit provider Swipe, the new product might soon enter the United States.
In early September, Binance’s head of operations for Russia and the CIS told Cointelegraph that Binance Card is still on its way to Russia despite the country’s upcoming crypto payment ban.