Binance, one of the most important cryptocurrency exchanges in the world, AnnouncementThursday’s announcement by Swipe that it has acquired the outstanding shares of Swipe – a leading crypto Visa (NYSE) card provider – was made on Thursday. 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. Majority stake in SwipeThe new partnership would further promote cryptocurrency adoption through the bridging of fiat and virtual 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.