Mastercard and Binance Integration

Yesterday, Mastercard CEO Michael Mibach announced the beginning of the company’s integration with the Binance exchange.

After the completion of the work, the owners of cryptocurrencies will be able to make purchases in more than 90 million stores, excluding currency conversion, sale on P2P and in exchange offices.

According to the CEO of the payment system, Mastercard has already taken the first steps to integrate with the cryptocurrency network.

The card launch in conjunction with Binance will allow millions of users to make fiat payments using the cryptocurrency network.

Visa is also actively developing the cryptocurrency market, keeping up with its competitor. For example, the recently prepaid Ripio Bitcoin card from the Ripio broker in partnership with Visa was presented in Brazil.

Will the fiat currency give way to the main means of payment to cryptocurrency? What is your opinion about this?