Binance acquires crypto wallet app. The acquisition allows Swipe users to buy cryptocurrencies from within the app and automatically converts cryptocurrencies into fiat currency, using the Visa payment network.
Swipe is already available in 31 countries, mostly within the European Union, and currently supports transactions in major fiat currencies, including the US dollar , euro and pound sterling.
Binance, which has been adding fiat gateways for users all around the world, said on Tuesday that the acquisition could help improve crypto adoption. The value of the acquisition is undisclosed.
Binance’s BNB token is now listed on Swipe’s platform.