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Binance to finalize acquisition of Swipe, paving for CEO exit -Breaking


Binance, one of the most important cryptocurrency exchanges in the world, AnnoucedThursday, Swipe announced that it would acquire all remaining shares of Swipe (NYSE:), a well-known crypto Visa (NYSE.) provider. The acquisition will allow Binance customers to use their bitcoins at more than 70 million locations in the world.

Binance announced that they had acquired a property on July 6, 2020. Swipe has a majority stakeAccording to the statement, this new collaboration will help further cryptocurrency adoption by bridging digital and fiat assets. Binance’s acquisition of Swipe will allow it to compete with other retail crypto providers like PayPal (NASDAQ:) and Mastercard (NYSE:) that provide similar cryptocurrency-related services.