Trust Wallet, Binance’s official wallet, will now allow users to purchase cryptocurrency with credit cards.
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“We want to increase access to crypto and decentralized applications for all users,” said Viktor Radchenko, founder of Trust Wallet.
“Adding credit card payments is one piece to furthering cryptocurrency adoption and realizing our larger vision in helping to bring the freedom of money, and we will continue to integrate more blockchains and features to Trust.”
The payments will be facilitated by Simplex, an Israel-based payment processing company.
Trust Wallet also announced they will be adding support for the third largest cryptocurrency, Ripple’s XRP.
Users can now purchase bitcoin (BTC), ether (ETH), Ripple (XRP), litecoin (LTC), and bitcoin cash (BCH) with “major” credit and debit cards. Support for exactly what cards or other details including fees were not given.
In July 2018, Binance acquired Trust Wallet, which only supported ETH.
After the acquisition, the platform now supports 17 tokens and “hundreds” of decentralized apps (dApps).
Trust Wallet will be the native wallet when Binance launches its decentralized exchange, Binance DEX, later this year, however, public testing of Binance’s DEX is available now.