Bitcoin
Binance Resumes Mastercard Payments for Crypto
Binance may once again allow Mastercard users to buy cryptocurrencies on the world’s largest exchange after the card giant turned off this ability in August 2023.
“Following an extensive review of the rigorous controls and processes that Binance has implemented, Mastercard has made the decision to allow Binance-related purchases on its network,” a Binance spokesperson said in an email. “We hope to add support for other products, such as withdrawals, at a later date.”
Mastercard confirmed the restoration of the service, but added a caveat.
“Over the past few months, we have reviewed the enhanced controls and processes that Binance has implemented. It is based on these efforts that we have decided to allow Binance-related purchases on our network,” a Mastercard spokesperson told CoinDesk. “This status is dependent on ongoing reviews.”
Fix: Remove updates about Visa branded cards from the story
UPDATE (June 6, 1:45 p.m. UTC): Adds comment from Mastercard.