Binance: The World’s Largest Crypto Exchange Will Let you Buy Bitcoin With Credit Cards
Binance, the world’s largest crypto exchange by daily trading volume, enabled credit card payments on its platform to allow users to purchase Bitcoin and other major crypto assets using Visa and Mastercard. The integration of credit card payments into the Binance trading platform comes after Binance CEO Changpeng Zhao (CZ) emphasized the importance of fiat on-ramps in increasing the mainstream adoption of cryptocurrencies. WHY CREDIT CARD PAYMENTS ARE CRUCIAL ON BINANCE Earlier this month, in an interview with Boxmining at the Binance Blockchain Week conference in Singapore, CZ said that it is important to strengthen the infrastructure that supports fiat-to-crypto trades. Most of the money, especially in traditional markets, remain in fiat. For the long-term growth of crypto, CZ explained that more fiat on-ramps will have to be introduced to expose cryptocurrencies as an asset class to a wide range of investors. Following the successful launch of Binance Jersey, a fiat-to