Binance partners with Koinal to offer crypto credit card purchases

Cryptocurrency exchange Binance has partnered with London-based payments processor Koinal to enable customers to purchase cryptocurrencies with debit and credit cards, according to a press release shared with Coin Rivet.

Binance customers will be able to purchase Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP with any local currency via debit or credit cards, all with competitively low fees.

“Freedom to convert easily between fiat and cryptocurrency is key to bringing crypto further mainstream. As the blockchain industry matures, there is more demand to bridge the two worlds than ever before,” said Changpeng ‘CZ’ Zhao, CEO of Binance.

“At Binance, we want to provide users with the easiest way to enter and thrive in the crypto space. At the infrastructure level, we will continue to build fiat-to-crypto gateways in our effort to increase accessibility and adoption of crypto.”

Caroline Holst, head of sales at Koinal, also expressed her delight at the new partnership as it brings “more ease and affordability” for users wanting to purchase crypto assets.

She said: “We are thrilled to partner with Binance and open up additional credit card payment channels to the digital asset economy, providing easier access to the cryptocurrency space for millions of Binance users.

“We look forward to bringing more ease and affordability of purchasing digital assets to the global Binance community.”

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