Wednesday, August 10, 2022
Home Crypto News Market Despite Ripple’s Legal Woes, Binance Card Adds Support For XRP For Payments

Despite Ripple’s Legal Woes, Binance Card Adds Support For XRP For Payments

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Binance has announced that it has added Ripple (XRP) to the list of supported cryptocurrencies on the Binance Card. 


 

According to the world’s largest cryptocurrency exchange by 24 hours trading volume, the initiative will commence today at 07:00 (UTC). 

With the addition of XRP support on the Binance Card, Binance now supports a total of 14 cryptocurrencies, including Shiba Inu (SHIB), Cardano (ADA), etc. 

Binance Card is a payment solution launched by Binance, allowing cryptocurrency users to spend their crypto assets with merchants across various parts of the world. The payment solution supports real-time crypto-to-fiat conversion. 

A Binance card is linked to a user’s Binance account. It is a Visa debit card that allows users to spend crypto anywhere that Visa is accepted. The card had to be pre-loaded with crypto before using it as it is a regular debit card.

Following the announcement, Binance Card users can now use the sixth-largest cryptocurrency by market capitalization to make payments. 

“To spend the newly supported cryptocurrencies with Binance Card, please go to Card Dashboard > Payment Priority > Edit to add, remove or rank cryptocurrencies for spending according to your preference,” Binance said in a statement. 

The development comes at a time when Ripple is currently facing security charges in the United States. 

According to Binance, there are a few rules to be adhered to by Binance Card users. At the moment, Binance Card is only available to users in EEA (European Economic Area) countries as well as Ukrainian refugees living in those countries. Also, users must have six priority tokens on their Binance Card, with the max number being 12 token choices.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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