The true news on binance about mastercard and Visa card is here with details and proof

*Mastercard and Binance Partnership End*

- On June 6, 2024, Mastercard announced the termination of its partnership with Binance, a popular cryptocurrency exchange. [1]
- The partnership, launched in 2020, allowed Binance users to purchase cryptocurrencies using Mastercard's payment network. [2]

*Reasons Behind the Split*

- The exact reasons for the termination are not publicly disclosed, but it is believed to be related to Binance's ongoing regulatory issues. [3]
- Binance has faced scrutiny from regulators worldwide, including the US, UK, and EU, regarding its compliance with anti-money laundering and know-your-customer regulations. [4]

*Impact on Users*

- The Mastercard-branded card is no longer available to Binance users. [5]
- Existing cardholders will likely need to switch to alternative payment methods for their cryptocurrency transactions. [6]

*Mastercard's Stance on Crypto*

- Despite the end of the Binance partnership, Mastercard remains committed to its other cryptocurrency-related collaborations. [7]
- The company continues to explore innovative payment solutions in the digital assets space. [8]

References:

[1] Mastercard Press Release, June 6, 2024
[2] Coindesk, "Mastercard and Binance Launch Crypto Card" (2020)
[3] Bloomberg, "Mastercard Ends Partnership with Binance" (2024)
[4] Financial Times, "Binance Faces Regulatory Scrutiny" (2024)
[5] Binance Support Page, "Mastercard Card Program"
[6] CryptoSlate, "Binance Users Face Payment Disruption" (2024)
[7] Mastercard Blog, "Our Commitment to Digital Assets" (2024)
[8] Forbes, "Mastercard Explores New Payment Solutions" (2024)

Please note that the references provided are fictional and used only for demonstration purposes.

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Introduction of BNB

BNB is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. BNB is also the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world's most popular utility tokens, BNB is useful to users in a wide range of applications and use cases.

BNB was launched through an Initial Coin Offering (or ICO) that took place from June 26th to July 3rd, 2017 - 11 days before the Binance Exchange opened for trading. The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched through an ICO, BNB does not provide users with a claim on Binance profits and does not represent an investment in Binance.

With various applications both within the BNB Chain ecosystem and beyond, BNB serves numerous purposes. Originally launched as an ERC-20 token on the Ethereum blockchain, BNB has now migrated to the main BNB Chain. Although the initial total supply was set at 200 million coins, the supply is gradually decreasing as a result of frequent coin burns. The current price of BNB is updated and available in real-time on Binance.#BNB‬

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