Cryptocurrency exchange Binance has announced the launch of Mastercard/Visa deposits through its new partnership with payment processing platform Simplex, the official announcement states.
At press time, Binance users' can deposit fiat funds to buy bitcoin (BTC), ethereum (ETH), litecoin (LTC) and ripple (XRP).
"As part of Binance’s larger mission to increase the adoption and mainstream accessibility of crypto, Binancians are now able to use Visa and MasterCard to buy BTC, ETH, LTC and XRP, and start trading on Binance.com within minutes," the announcement notes.
As it states, the deposit fees are set up at 3.5% per transaction or 10 USD.
Earlier, Binance launched fiat-to-crypto exchange in Europe, called Binance Jersey to expand its services all over the world.