Binance halting service for European Visa debit card

About two months on from Visa and Mastercard ending their partnerships with Binance, the world’s largest cryptocurrency trading platform is halting service of its Visa debit card in the European Economic Area.

Consumers that already possess one of the cards will be able to continue using them until Dec. 20, the company announced in a blog post. The card was aimed at improving consumers’ ability to spend digital currency when buying goods and services.

“With the Binance Card, European residents can convert and spend cryptocurrencies in over 60 million online and physical stores,” the company had said. Binance also offered cashback bonuses with the card.