#Binance Binance refunded the payment with Mastercard by restoring the card function

Cryptocurrency exchange Binance has reinstated its Mastercard payment feature.

The exchange previously suspended its card service due to regulatory issues.

Binance is expected to introduce additional features in the coming months.

Last year, an intense regulatory storm hit Binance, the world's largest exchange by trading volume, leading to major market exits and the suspension of certain services. 

However, as its problems subside and the exchange regains its footing, it is reinstating services, including resuming its card service.

Crypto made simple: buy and sell with ease.

Use Mastercard, Visa or SEPA for bank transfers and experience seamless transactions.

Try it now https://t.co/shCZx59fi3 pic.twitter.com/05pzOC3sjh

– Binance (@binance) June 6, 2024

The reintegration will give exchange users access to purchases and asset transfers with various types of cards.

Binance Refunded Mastercard

On Thursday, June 6, Binance announced the resumption of its card payment option and its partnership with Mastercard. 

This development follows Mastercard's departure from its partnership with the exchange in September 2023, which came alongside the departure of payments giant Visa amid regulatory challenges.

With the resumption of its card services, Binance users can now purchase assets and facilitate transfers using options such as Mastercard, Visa or SEPA.$BTC