Shiba Inu (SHIB) and XRP (XRP) are now available to over 60 million merchants globally through this integration. In a recent announcement, Binance says it has added XRP, SHIB, and AVAX to the list of supported cryptocurrencies on the Binance Card, starting from August 5, 2022.
An announcement on the official SHIB Twitter handle reads: ‘’We are pleased to announce that binance has added SHIB to the list of supported tokens for the Binance Card issued in Europe. You can now pay with SHIB at 60+ million merchants worldwide. Furthermore, get up to 8% cashback and zero annual or FX fees!’’
Presently, there are 14 supported cryptocurrencies on Binance Card which are ADA, AVAX, BNB, BTC, BUSD, DOT, ETH, LAZIO, PORTO, SANTOS, SHIB, SXP, USDT, and XRP.
Binance CEO, Changpeng ‘’CZ’’ Zhao has refuted reports of Binance’s ownership of WazirX. He shared a ‘’Quick thread on Binance and WazirX and some incorrect reporting. Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders’’.
He continued ‘’On 21 Nov 2019, Binance published a blog post that it had “acquired” WazirX. This transaction was never completed. Binance has never – at any point – owned any shares of Zanmai Labs, the entity operating WazirX’’.
Further adding ‘’Binance only provides wallet services for WazirX as a tech solution. There is also integration using off-chain tx, to save on network fees. WazirX is responsible for all other aspects of the WazirX exchange, including user sign-up, KYC, trading, and initiating withdrawals’’.
‘’Recent allegations about the operation of WazirX and how the platform is managed by Zanmai Labs are of deep concern to Binance. Binance collaborates with law enforcement agencies all around the world. We would be happy to work with ED in any way possible’’.
According to Reuters, India’s financial crime-fighting agency announced on Friday that as part of its investigation into a possible violation of foreign exchange regulations, it has frozen the assets of WazirX worth $8.16 million.
According to the federal Enforcement Directorate (ED), the move was in response to an inquiry into the probable role played by the cryptocurrency exchange in helping rapid lending app companies convert criminal gains into cryptocurrencies on their platform.
One of the directors of Zanmai Lab, which operates WazirX, one of the biggest virtual currency exchanges in the nation, was the subject of searches.
Image credit: Shutterstock
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
