Binance-owned Trust Wallet now supports credit/debit card purchases

12 Mar, 2019 | Updated: 12 Mar, 2019
by David Robb
Binance-owned Trust Wallet now supports credit/debit card purchases

The team behind Binance's official crypto storage Trust Wallet has made a major announcement. CoinDesk reports that the wallet will now enable users to make credit and debit card purchases.

Back in January, Binance itself announced that it would be allowing users of the trading platform to purchase crypto with credit or debit cards. This was due to a new partnership with Israeli payments processing firm Simplex, which will also be providing the technology for Trust Wallet users to have the same functionality.

Read more: Binances Trust Wallet launches video tutorial competition with $3,000 prizeYou can now pay for crypto with a credit or debit card on Binance

According to Viktor Radchenko, founder of Trust Wallet, "We want to increase access to crypto and decentralized applications for all users. Adding credit card payments is one piece to furthering cryptocurrency adoption and realizing our larger vision in helping to bring the freedom of money, and we will continue to integrate more blockchains and features to Trust."

Trust Wallet hasn't yet specified which cards will be compatible with this new system. The company was first acquired by Binance back in July 2018, and has expanded the range of tokens it supports to include XRP, BCH, LTC, ETH and BTC.

Read more: 5 ways Fidelity and Bakkt could change cryptocurrency in 2019

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Read more about: Binance


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