Quiubo Colombia! Binance Card is Now Available.

Quiubo Colombia! Binance Card is Now Available.

written by John Murphy | March 11, 2023

Binance, the world’s leading cryptocurrency exchange, has announced that its debit card, “Quiubo Colombia” the Binance Card, is now available in Colombia. The card allows users to spend crypto at merchants that accept Visa payments.

The “Quiubo Colombia”, Binance Card is a Visa debit card linked to a user’s Binance account. It allows users to spend their cryptocurrency without the need for conversion or manual transfers to a traditional bank account. The card supports several cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, among others.

Binance Card holders in Colombia can use the card at any merchant that accepts Visa payments, both online and offline, and withdraw cash from ATMs that accept Visa. Users can also link the card to their Google Pay, or Samsung Pay accounts for added convenience.

To obtain a Binance Card, users must first pass the Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which involves providing personal information and documentation. 

Binance, one of the largest cryptocurrency exchanges in the world, has announced that the Binance Card is now available in Colombia. This means that users in Colombia can now use their cryptocurrencies to make purchases at over 60 million merchants worldwide that accept Visa without needing to convert to fiat currency.

The card links directly to the user’s Binance account, allowing them to manage their cryptocurrency funds in real time easily. Users can also benefit from up to 8% cashback in the form of Binance Coin (BNB) rewards for each purchase made with the Binance Card.

The Binance Card is currently only available to users in Colombia, but Binance has plans to expand its availability to other countries shortly. The company has also stated that it will add more cryptocurrencies to the card’s supported list in the coming months.

This move is part of Binance’s ongoing efforts to make cryptocurrency more accessible and convenient for everyday use. The Binance Card is a way to bridge the gap between traditional finance and cryptocurrency by allowing users to spend their digital assets as easily as they would spend on fiat currency.

The availability of the Binance Card in Colombia is a positive step forward for the adoption of cryptocurrency in the country and beyond. With the convenience and rewards offered by the card, it may encourage more people to explore and invest in cryptocurrencies.    

Binance has been rapidly expanding its services and offerings globally, with the Binance Card being one of its key products. The card is currently available in several European countries, including the UK, Germany, France, and Italy, as well as in other regions, such as Russia, Ukraine, and Turkey.

Colombia has been gradually adopting cryptocurrency, with more merchants accepting payments in digital currencies. Binance’s expansion into Colombia with the Binance Card could further increase the adoption and use of cryptocurrency in the country.

The availability of the Binance Card in Colombia is a significant step for both Binance and the country’s cryptocurrency market. The card’s convenience and accessibility will make it easier for users to spend their crypto for everyday transactions while also promoting the wider adoption of cryptocurrency in Colombia.