Officially: Binance Confirms Acquisition of Swipe

Representatives of one of the largest cryptocurrency exchanges on the market, Binance, have officially confirmed the information regarding the purchase of the Swipe service.

Details of the deal

The terms of the transaction are not yet called, though it is known that Binance received a certain number of Swipe tokens (SXP). Trading on SXP tokens has already started on the site, in a couple with such liquid coins as BTC, BNB, and BUSD.

Benefits for BNB

The Swipe service added a BNB token. From now on, customers of the company can sell and acquire this digital asset through linked bank accounts, as well as using SEPA and Swift systems.

Now BNB can be used in more than 50 million points of sale worldwide and converted into fiat (during the transaction).

Something about Swipe

Swipe produces digital asset-linked bank cards. Now the company serves customers in 31 countries of the European Economic Area. The company's management wants to expand its geographic presence in Asia and North America.