The Ukrainian team of the Binance exchange has already launched work on issuing a payment card in Ukraine with a cryptocurrency balance. This information was announced by the general manager of the company in Ukraine Kirill Khomyakov.
Additionally, he clarified that the card will certainly be linked to a wallet on Binance:
“There is no need to store fiat on the card, it depreciates, you can keep the crypt there.”
At the time of making the payment, the funds are automatically converted into fiat currencies. The project will be implemented jointly with local partners, whose names have not yet been disclosed.
“The product will be launched fully in accordance with the legislation of Ukraine [после вступления в силу закона «О виртуальных активах»]”, – says Khomyakov.
In addition to this development, the company is working on the launch of Binance Pay, which will allow users to pay directly from the wallet on the platform at the largest retailers.
For example, we previously wrote that the Ukrainian mobile bank monobank will issue a bitcoin card, with which customers will be able to buy and sell cryptocurrency.
Now the map is ready, – informed co-founder of the company Oleg Gorokhovsky, but has been waiting for the approval of the National Bank for a long time.