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Binance Releases a New Binance Visa Card

Sying Tien

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Binance Card

Binance, the world’s largest cryptocurrency exchange in terms of trading volume has announced the release of Binance card where users can shop and pay using crypto anywhere in the world.

The new card will work like a any other regular debit cards, users will have to use a mobile app called Binance Card App to top-up their accounts with Bitcoin or BNB coins.

Screenshot of Binance Card App

The new Binance visa card will be issued by Visa and will be accepted by more than 46 million merchants in 200 regions and territories.

According to the announcement, Binance card will be available globally to all new and existing Binance users within the next few weeks. We will initially release the card in Malaysia, then follow with Vietnam, and add more countries as we move forward.

The card will cost a one-time fee of 15 USD. Interested users can sign up and they will be notified once the card is available in their regions.

This is really impressive and important for the crypto space.

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

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Exchanges

STEX Exchange Adds Indian Rupee

Sying Tien

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STEX Exchange Adds Indian Rupee

The Estonian cryptocurrency exchange, STEX, has added support to Indian Rupee payments within its platform. Users will be able to perchance cryptocurrency for INR – Indian Rupee with using VISA or Mastercard.

STEX exchange is a centralized cryptocurrency exchange that was founded by Vadym Kurylovych and launched in September 2017. The exchange located in Tallinn, Estonia. The exchange It supports crypto-to-crypto and fiat-to-crypto trading with no withdrawal limits.

Estonia is also one of the few countries that have a specific license issued for cryptocurrency exchanges, with simple company setup procedures and favorable taxation.

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Altcoins

ARK Price Jumps 48% After Binance’s Announcement

June G. Bauer

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ARK Price Jumps

Binance, the world’s largest cryptocurrency exchange, has officially enabled ARK staking on its exchange platform. Users can earn passive income by just holding at least 5 ARK coins on their exchange wallets.

Following Binanace’s announcement, the value of the cryptocurrency ARK coin rose by 48 percent last night. At the time of writing, ARK coin is worth $0.214, giving it a $25.8 million market cap.

Ark is one of the most ambitious solid projects in the crypto space. Ark is an all-in-one blockchain platform that aims to create an entire ecosystem of linked chains and a virtual spider web of endless use cases that make ARK highly flexible, adaptable, and scalable.

What is Crypto Staking?

In practice, staking allows customers to earn what is essentially interest on any cryptocurrency they hold, rewarding HODLers with a stream of passive income.

Currently, Binance supports staking for several PoS (Proof of Stake) coins, including Stellar (XLM), Algorand (ALGO), NEO (GAS), Ontology (ONG), VeChain (VTHO), Tron (BTT), Komodo (KMD), Stratis (STRAT), and Qtum (QTUM).

ARK/USD Price

*Charts are provided by cryptocompare.com

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Exchanges

ShapeShift Acquires Portis Wallet

Sying Tien

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ShapeShift-Buys-Portis-Wallet

Switzerland-based crypto exchange ShapeShift has acquired Portis crypto wallet for an undisclosed sum.

According to the acquisition announcement, all ShapeShift users will be able to log in to most leading Web3 applications like OpenSea, Augur, and Uniswap and will be able to get access to commission-free coin conversions on all major chains (not just Ethereum and ERC-20 tokens), and super fast fiat-to-crypto via a debit card.

Portis, an Israeli startup that offers a non-custodial web3 provider offered as an SDK to developers. It was was founded in May 2018 by CEO Tom Teman and Itay Radotzki and has developed a crypto wallet app (DApps) based on the blockchain of ethereum.

Last November, ShapeShift has integrated Portis wallet so Users can gain access to the exchange’s end-to-end encryption architecture, which would give users full control over their private crypto keys.

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