Binance shutters crypto card services in Latin America, Middle East

Binance Card, a crypto debit card powered by the exchange, will no longer be available in Latin America and the Middle East from Sept. 21, according to an Aug. 24 statement.

The Binance Card is similar to a conventional debit card, allowing users to utilize their digital assets for everyday transactions. However, the significant difference is that the crypto debit cards are funded with digital assets. According to Binance’s website, the card enjoys acceptance at a vast network of over 60 million merchants globally.