The Binance Card project, a Binance credit card, seems to run into problems with Visa’s payment gateway, with which the world’s largest currency exchange office was supposed to work. The Visa logo has silently disappeared from all promotional materials on social networks and the cryptocurrency exchange site.
Visa is the largest credit card broker in the world. It plays a key role in who will be able to issue his own card and who will not. However, it now appears that Binance has incorrectly used the company logo and must now correct this error.
Alternatively, Visa may have left the store. Historically, it did not have a good relationship with cryptocurrencies and related projects.
Without working with a payment provider, the card will be more or less unusable. The intended plan for using the card everywhere is unlikely to materialize.
ICO Drops reported this news on social network:
At the time of writing, none of the responsible people from the crypto exchange commented on the situation. Still is silent, otherwise very active and communicative Changpeng Zhao, who is known for his great activity on Twitter.
There are several theories why the logo has disappeared. Most likely, the paying agent seems afraid of money laundering, which is still a big problem among cryptocurrencies.