Binance Users Can Now Pay for Cryptocurrency With Credit Cards

Binance, the world's largest cryptocurrency exchange based on trading volume, now lets users spend money they don't have thanks to the additional support for credit cards from Visa and Mastercard. From a report: 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. 'The crypto industry is still in its early stages and most of the world's money is still in fiat,' said Binance CEO Changpeng Zhao. 'Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users.'

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