Home Cryptocurrency Binance to halt European Visa debit card service in December; users to be affected.

Binance to halt European Visa debit card service in December; users to be affected.

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Binance to halt European Visa debit card service in December; users to be affected.

Binance Visa Debit Card Services to End in Europe

Binance Visa debit card services will cease to operate in the European Economic Area (EEA) on December 20, as announced by the cryptocurrency exchange on October 20. However, Binance exchange accounts will not be affected by this change.

Contis Financial Services to Halt Card Issuance

Binance’s card issuer, Contis Financial Services, a Lithuanian electronic money institution and currency exchange operator owned by the German banking-as-a-service platform Solaris Group, will no longer issue the debit card. This decision will impact customers in the EEA, where the card has been available.

Smooth Transition for Binance Exchange Accounts

Despite the discontinuation of the debit card services, Binance exchange accounts will continue to function as usual. Users can rest assured that their accounts will remain unaffected by this change.

Looking Ahead

The termination of Binance’s Visa debit card services in the EEA marks a shift in the company’s strategy. However, Binance remains committed to providing its users with a seamless and secure trading experience. The exchange will continue to explore new avenues to enhance its services and meet the evolving needs of its users.

Conclusion

In summary, Binance Visa debit card services will no longer be available in the European Economic Area starting from December 20. The decision is driven by the card issuer, Contis Financial Services, and does not impact Binance exchange accounts. Despite this change, Binance remains dedicated to delivering a top-notch trading experience for its users.