- Mastercard Move, which is Mastercard’s portfolio of Money Movement Solutions, is the engine that runs the new “Buy & Sell” service.
- Users in Europe can now convert their Cryptocurrency holdings to Fiat Cash and transfer or withdraw the funds directly to a legitimate Mastercard with almost real time.
BinanceThe largest Cryptocurrency exchange in the world in terms of trading volume and users, made an announcement today that users in Europe can now convert their Cryptocurrency holdings to Fiat Cash and transfer or withdraw the money directly to a legitimate Mastercard with almost real time.
Mastercard Move, which is MasterCard’s portfolio of Money Movement Solutions, is the engine that runs the new “Buy & Sell” service, which can be reached via the Binance website and the associated mobile application. Consumers have the opportunity to either sell their Cryptocurrency and transfer the Fiat amount to their card or withdraw their current Fiat balance to their card. This tool gives consumers many options. A quick, simple and secure way to access funds is provided, which accelerates the process of ramping. In addition, it provides an extra practical withdrawal option in addition to bank transfers and other ways that are supported.
Sell to Card Vs Drawo to Card on Binance
Primary function
Sell to card function: You can convert Cryptocurrency to the necessary Fiat money and then transfer the Fiat currency immediately to a card connected to Cryptocurrency and qualified for the transaction.
Return to the card function: Make a withdrawal of your current Euro balance directly to your card, with cash available in almost real time*
Use
Sell to card function: Users who currently hold Cryptocurrency and want to get money right away.
Return to the card function: Individuals who already have a Euro balance on Binance and want to withdraw it are eligible for this service.
Currency support
Sell to card function: exclusively available for payments based on euros at the moment, with support for more Fiat currencies coming within euro-based payments.
Withdraw to the card function: only euro -based payments
Binance Vice President of Fiat, Thomas Gregory pronounced:
“At Binance, we are proud of our focus on users who have gained confidence in almost 300 million users and continue to promote the experience for them. The new sales to the card and retreat to card features and improve the user experience, making payments of crypto revenues easier and faster than ever for our users.”
“Our goal is to continue to expand our services with global leaders and innovators in digital payments, such as MasterCard, to broaden access and opportunities for our broad global user base. We look forward to supporting additional products and functions and we remain involved in the highest standards for regulatory control together with our world-class security and user protection and user security and user security and user security and user protection and user security and user security and user security and user security.
Scott Abrahams, CEO, Global Partnerships, stated Mastercard:
“Mastercard has undertaken to unlock the real potential for crypto assets for everyday use. Through our global partnership with Binance, we are pleased to have an improved payout experience to Binance users across Europe, activated through Mastercard Move.”
