🧵 1. Cryptocurrency exchange Binance is suspending its crypto debit card services in Latin America and the Middle East from Aug 25. #crypto
🧵 1. Cryptocurrency exchange Binance is suspending its crypto debit card services in Latin America and the Middle East from Aug 25. #crypto
🧵 2. The cards, funded by crypto assets, allowed users to make daily purchases. Services will be terminated by Sept 21.
🧵 3. Refunds and disputes can still be processed until Dec 20, 2023. The reason for the decision remains unclear.
🧵 4. Originally announced in April 2020, Binance aimed to enter the global payment market with crypto-backed debit cards.
🧵 5. Binance claims only a small portion (less than 1%) of users in Latin America and the Middle East will be impacted by this decision.
🧵 Read more at: https://cointelegraph.com/news/binance-shut-crypto-debit-card-latin-america-and-the-middle-east
That was short lived