One of the world’s leading crypto exchanges Binance has acquired Swipe Wallet, a multi-asset digital wallet and Visa debit card platform that allows users to buy, sell, convert and spend crypto.
Users are able to convert and spend crypto directly, and have merchants still seamlessly accept fiat.
The amount of transaction is no disclosed. According to the Binance official press-release, the crypto exchange and Swipe will focus on further further synchronize crypto with fiat currency-based transactions.
“Partnering with Binance will place Swipe in the position to make cryptocurrencies more accessible for millions of users worldwide as the crypto exchange has a world-recognized track record and user base, alongside a team that constantly executes,” the CEO of Swipe Joselito Lizarondo said.
The founder and the CEO of Binance Zangpeng Zhao said that their platform is committed to furthering global crypto adoption by launching multiple fiat-to-digital assets gateways.