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Binance Exchange, the world’s largest cryptocurrency exchange by volume has announced a new crypto cashback program for all Binance Card holders.
Posted on My official Twitter accountBinance says users can spend any of their digital currencies with Visa cards and get 8% Cashback.
New service “Binance Card Cashback” will give users the opportunity to transact at more than 60 million sales locations around the world. Accordingly, users will be able to use their card and receive a refund while incurring a $0 annual fee and a $0 foreign transaction fee.
While the offering of the Binance Card still has its limitations, depending on the user’s country of residence and applicable laws, users in general may gain access to the broader Binance ecosystem and explore Explore available investment options.
Binance remains a standard exchange with innovative business models designed to benefit users. To compete with Coinbase Global Inc and Crypto.com, both of which offer payment cards to their users, Binance has always made a targeted effort to take its business a step further.
The crypto winter has also given Binance a relative competitive edge in the broader scheme of things. While many exchanges including Coinbase and Gemini have been forced to lay off significant amounts of their staff, Binance has revealed plans to hire 2,000 new employees before the end of 2022.
Exchange Binance has also enhanced its business through a series of new licenses issued in Italy, Spain and other regions over the past year.
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