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Payments giant Mastercard to end crypto card partnership with Binance

August 29, 2023

The spokesperson adds that this timeline provides cardholders with a “wind-down period” to convert holdings in their Binance wallets, and that there is “no impact” on any other crypto programme.

Binance’s customer support team wrote on X last week: “The product, like most debit cards, has been utilised by Binance’s users to pay for basic daily expenses but in this case, the cards are funded with crypto assets.

“Only a tiny portion of our users (less than 1% of users in the markets mentioned) are impacted by this. Users of this product will have until September 21, 2023, when the card will no longer be available for use.”

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