Overview
- The service went live on August 7 across the European Economic Area and the UK within Binance’s existing Buy & Sell Crypto interface.
- “Sell to Card” converts digital assets directly into euros on linked Mastercard cards, while “Withdraw to Card” moves existing fiat balances to card accounts.
- Both payout paths bypass traditional banking rails to enable near-real-time settlements for eligible debit and credit cards.
- The feature currently supports only euro-denominated transactions, with Binance and Mastercard planning to add more fiat currencies in the coming months.
- Binance and Mastercard view the integration as a key step in treating cryptocurrency as a practical payment method rather than solely a speculative asset.