The world-renowned cryptocurrency exchange Binance has officially announced that it will be acquiring the final outstanding shares of Swipe.
Binance has been working closely with Swipe to create a Visa card that could be used to spend cryptocurrency in over 70M locations around the globe.
Since July 2020, Binance has been the largest stakeholder of Swipe; the collaboration was aimed to "further mainstream adoption of cryptocurrencies by bridging the gap between fiat and digital assets, notably payments and purchases in cryptocurrencies through traditional financial systems."
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The two worked closely together, with Swipe (digital asset and Visa debit card platform) acting as "Binance's card program manager and technology platform.”
2021 seemed to be the year of Binance with its successful licensing negotiations in Canada, Bahrain, the UK, and its Labs Department bringing in multiple investors to fund startups such as Multichain.
