bitcoinBTC/USD
$ 20,403.00
ethereumETH/USD
$ 1,170.33
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.465637
xrpXRP/USD
$ 0.329789
usd-coinUSDC/USD
$ 1.00

Binance to Buy the Outstanding Shares of Swipe

Binance has announced plans to acquire the remainder of the outstanding shares from Swipe, the cryptocurrency Visa card issuer.

Binance has announced plans to acquire the remainder of the outstanding shares from Swipe, the cryptocurrency Visa card issuer.

The biggest cryptocurrency exchange by trading volume will buy the rest of the outstanding shares of Swipe. Given that Swipe users have the opportunity to use 70 million locations globally to spend their crypto, with this move Binance will be able to compete with Mastercard and Paypal that provide services related to cryptocurrencies

Aiming to fill the discrepancies among the fiat and cryptocurrency market, Binance first acquired controlling shares in Swipe back in July of 2020.

Binance made an official statement confirming that “Binance is to acquire the remaining outstanding shares of Swipe, the industry’s leading cryptocurrency Visa card issuing platform. Binance and Swipe work with regulated and licensed entities to issue Visa cards, with Swipe acting as Binance’s card program manager and technology platform. Swipe also works with strategic partners to issue cards in permitted regions and markets.”

There have been successful and challenging events surrounding Binance with equal measure in the year 2021. The biggest crypto exchange platform has been subjected to major changes as dictated by external governmental regulations of the cryptocurrency industry. Yet, Binance has managed to stay strong in the face of adversity by adjusting quickly to imposed regulations. The crypto giant has made strides in the vetting of nations for the continuance of its operations as well as the vast acquisitions made during the year. 

The latest advancements in expanding its crypto services include Bahrain granting the crypto exchange an in-principle authorization for providing cryptocurrency services, and Canada granting an MSB license to Binance for making crypto-related services available within its borders. 

Binance has also recently revealed a partnership with Telkom Indonesia to launch a crypto hub, and it did the same with the Dubai World Trade Centre

Binance.US is on the verge of closing what is perceived to be the biggest funding round yet per Changpeng Zhao, the CEO. Binance.US is expected to raise north of $200 million in this round. 

Also read: 

Hacker Steals $1.6 Million via Polygon Bug Leveraging

Will Binance and Coinbase List Dogelon Mars?

Binance Singapore to Terminate its Services in February

After Elon Musk’s Backlash, Binance has Restored Dogecoin (DOGE) Deposits and Withdrawals

Also read:

Related News

Meta Continues With Its NFT Plans

Meta stated that its other cryptocurrency initiatives are proceeding according to schedule after announcing the end of its Novi project. Non-fungible tokens (NFT) have been developing for a while by the company. The Novi initiative, which enables remittances and international money transfers, will shortly be shut down, the company announced recently. According to the company, the project will no longer operate as of September 1. Users of Novi were informed

Read More »

Bitcoin’s Lightning Network Now Available for Argentina From OpenNode Partnership With Lemon Cash

OpenNode, a supplier for Bitcoin payments, has teamed with Lemon Cash, a well-known Latin American bitcoin wallet service. The wallet’s cooperation with OpenNode allows over 1 million Lemon Cash users to now access Bitcoin’s Lightning Network. “This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments… We’re proud to support Lemon’s mission and its desire to scale and benefit

Read More »
LuckyBlock is a worldwide game and competition platform with play to earn rewards using blockchain protocols. They have already given many prizes to the participants of the game.

Lucky Block Partners with Crypto Academy

Lucky Block has partnered with Crypto Academy, as we look forward to many updates and launches ahead.  Lucky Block has reached a partnership with Crypto Academy, the renowned Crypto Marketing Agency, and Informational and Educational portal. With an incredible success rate in helping cryptocurrency-focused startups grow in the industry, the partnership with Crypto Academy is a stepping stone in the exciting journey ahead for Lucky Block. LuckyBlock is a worldwide

Read More »

My Coins

bitcoinBitcoin
$ 20,403.001.57%
ethereumEthereum
$ 1,170.333.09%
cardanoCardano
$ 0.4656371.84%
tetherTether
$ 1.000.03%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org