Binance Card Users Can Now Access XRP, SHIB, and AVAX


Binance announced Friday that its Binance Card now supports three new altcoins. Card users can now access their holdings of Ripple (XRP), Shiba Inu (SHIB), and Avalanche (AVAX).

The Binance card allows holders to “convert and spend cryptocurrencies in more than 60 million online and brick-and-mortar stores.” However, the card is only available to European citizens and, according to the website, Ukrainian refugees. Prior to the escalation of the conflict in Ukraine, Binance planned to expand its card coverage to Ukraine sometime this year.

See also  The Reserve Bank of Australia to investigate use cases for CBDC

With the latest addition, the card now supports 14 cryptocurrencies including Cardano (ADA), AVAX, Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), Polkadot (DOT), Ethereum (ETH), SS Lazio Fan Token (LAZIO), FC Porto Fan Token (PORTO), Santos FC Fan Token (SANTOS), SHIB, Swipe (SXP), Tether (USDT) and XRP.

New additions to the supported crypto will not change the current payment preferences for those already using the Binance Card.

See also  Big Hacks In Crypto Games To Earn A Matter Of Time — Report

Related: Binance US Will Remove AMP After SEC Claims Token Is A Security

This development comes a day after Binance announced its partnership with Mastercard to bring prepaid cards to Argentina. The two financial services companies are teaming up to broaden payment options for Binance users in the country.

Argentine customers will be able to use BTC and BNB, among others, for purchases and withdrawals where Mastercard is accepted.

See also  Axie Infinity looking to 'double down' in the Korean market: KBW

Earlier this year, Wirex added AVAX to its already large list of currency offerings on its crypto chart. The platform allows users to pay in 61 different currencies, both fiat and cryptocurrencies.

Nexo also came up with a crypto card in partnership with Mastercard. Nexo announced the project back in 2019, although it finally manifested itself almost three years later. Like the Binance Card, it is only available to residents of certain countries in Europe.