Binance Users Can Now Pay for Cryptocurrency With Credit Cards (coindesk.com)

Binance, the world's largest cryptocurrency exchange based on trading volume, now lets users spend money they don't have thanks to the additional support for credit cards from Visa and Mastercard. From a report: The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards. At launch, the exchange is supporting credit card purchase for bitcoin (BTC), ether (ETH), litecoin (LTC) and XRP. These can then be traded against up to 151 other tokens offered by the exchange. "The crypto industry is still in its early stages and most of the world's money is still in fiat," said Binance CEO Changpeng Zhao. "Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users."

Comments

People keep money in cars?

[Austerity Empowers]

I have money in banks, investment funds, my wallet, my dresser... I don't keep more than some loose change in my car. Hell I don't even own a Fiat.

Definitely we need to get our money out of Fiats.

Title seems wrong.

[Gravis Zero]

Binance, the world's largest cryptocurrency exchange based on trading volume...

Seems like the title should read "Money Laundering Outfit Now Accepts Credit Cards".

Credit cards aren't just for poor people ...

[fahrbot-bot]

Binance ... now lets users spend money they don't have thanks to the additional support for credit cards from Visa and Mastercard.

Um... I pay off my CC in full *every* month and have done so since I got the things. They're used for convenience, safety and payment consolidation, not because I don't have the $$ at the time of purchase. They disconnect my bank account from the end-transactions - and I get a short float on my expenses.