Laying the foundation for the next bull market?
That is certainly what this sounds like as Binance has announced they have enabled credit card purchases for customers on their platform.
Binance officially enabled purchases of bitcoin, litecoin, ethereum, and ripple using credit cards.
It wasn't entirely clear which cards would be accepted, but both Visa and MasterCard were mentioned.
More about this latest development can be found here:
This is very big news!
Last year during the height of the crypto mania, exchanges and credit card companies were pulling the ability of users to purchase via credit card.
Now that important ability is coming back!
The CEO of Binance, Changpeng Zhao, had this to say about the development:
"We want to provide Binance traders with fast and easy access to crypto, in the most secure way possible. Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On Binance.com, you can now buy crypto with credit cards and start trading in minutes.”
Partnering with a processing company called Simplex, has given Binance the ability to now offer credit card purchases.
The bulls may be starting to stir...
From the news out yesterday where Fidelity announced that they would be launching their custody service within a matter of weeks, more of which can be seen here:
To Bakkt officially filing all the necessary documentation with the CFTC and now only waiting on their approval...
To Binance enabling credit card purchases...
We may start to see the price change course in the coming weeks in a positive way.
Stay informed my friends.
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