90
Binance Card services'll no longer be offered by the EEA, representative of the Area European Economic, an area within which Italy unfortunately is in. The announcement was made a few hours ago by Binance, which will suspend the service on the midnight on December 20 of this year. BINANCE shared the details of the operation roughly within two months will bring to an end one of the most popular experiments by Binancian customers. Card that in addition to allowing cashback, also allows people to spend their cryptocurrencies at any PoS and at any store that accepts payments, precisely, via card.
No more cashback:
Binance suspends its service that was among the most popular of those offered by the cryptocurrency exchange. No reasons are cited at the moment, beyond an apology from the exchange, but they could be related to news in banking terms for the group's operations on European soil.
The cards will stop working at midnight on December 20 in 2023. Until then they can be used without any problems. So be careful about keeping any balance on your card after that date.
For those who have lost their card, what to do:
If you have lost your card and want to order a new one, you can do so until no later than December 6/2023. After that, you will not be able to request a replacement card. Cards obtained in this way will also stop to function on December 20. Be careful because Binance hasn’t guaranteed speed of delivery all on you.
Will the service be restarted in the future?
It isn't known at this time. Within the Binance statement, Binance doesn't indicate anything to this effect, and therefore for the time being we've to consider the service as discontinued forever.
Those who want to use what is stored on Binance in terms of Bitcoin and crypto for their daily expenses will have to rely on Binance Pay. The card, we repeat again for the avoidance of doubt, will stop to function next December 20.
Stay connected if any news or changes come I will write a new post.
