Binance`s Takeover Of Swipe Crypto Exchange To Finish Soon

Binance, one of the largest cryptocurrency exchanges, is about to have a controlling stake of startup Swipe.io, which will give the opportunity to issue their own payment cards.

It's a secret yet

Anonymous sources informed, this deal is still kept in secret, but it will be confirmed officially till the end of this week.

Something about startup Swipe

Swipe has two products: a crypto wallet and Visa debit cards. Users can easily and quickly convert digital assets to fiat. The key partner of the company is Contis Financial Services Ltd, engaged in the production of plastic cards.

Ideal opportunity for Binance

As is well known, the leadership of the cryptocurrency exchange Binance has been in search of the possibility of launching its own cards for quite some time. For the first time, this became known in the early spring of 2020.

This acquisition will enable Binance to launch its Binance Card initiative in the UK and the EU soon.