News by InvestinBlockchain: Abhimanyu Krishnan
It has been revealed that the Binance Android app will allow users to purchase cryptocurrencies with Visa and MasterCard credit cards. This follows an update earlier this year which allowed users to purchase crypto on the Binance website and on the Trust Wallet, Binance’s official non-custodial wallet.
Users can select the credit card option on the app’s main screen, which will then allow them to purchase Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).
Fees are 3.5% per transaction or 10 USD, whichever is higher.
Binance Performing Exceptionally Well
Binance’s token, the Binance Coin (BNB), has been performing extraordinarily well since the start of 2019, gaining an incredible 289% this year alone, being the only token to record an all-time high in 2019.
The company has also launched its much-anticipated Binance DEX, which uses Binance’s own Binance Chain. The DEX employs a voting system that allows Binance Chain validators to vote yes, no, no with veto, or abstention. Validators are pre-selected by Binance.