We all knew this was coming, say goodbye CoinBase. Binance the worlds largest exchange has now started to accept Credit Cards to purchase Digitial Assets.
“The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards.
At launch, the exchange is supporting credit card purchase for bitcoin (BTC), ether (ETH), litecoin (LTC) and XRP. These can then be traded against up to 151 other tokens offered by the exchange.”
According to CEO Changpeng Zhao “Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users”
I am sure we all remember last year that Credit Card payments were being blocked left and right and banks were shutting down accounts that were tied to buying digital assets but now we have a slight reversal. Ladies and gentlemen, it is coming. Mass adoption is coming Credit Card payments are being re-opened. Coinbase should have grabbed the bull by the horn over a year ago and did what was right and listed XRP. They should have allowed the masses to purchases XRP direct with fiat but they were too afraid and wanted to protect their precious Bitcoin. Well, Binance is taking control of the market and stomping on Coinbase while they are down. Binance listens to there customers when they speak, and they heard the XRP community loud and clear. Coinbase move over there is a new Sherrif in town. Binance is now allowing users to purchase XRP with Credit Cards.
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