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Binance On the Verge of Buying Out Remaining Swipe Shares

Binance On the Verge of Buying Out Remaining Swipe Shares

Aaron S. Editor-In-Chief
Written by Aaron S.,
Editor-In-Chief

✓ Fact Checked

Last Updated: December 30, 2021

✓ Fact Checked

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Binance On the Verge of Buying Out Remaining Swipe Shares

The world-renowned cryptocurrency exchange Binance has officially announced that it will be acquiring the final outstanding shares of Swipe.

Binance has been working closely with Swipe to create a Visa card that could be used to spend cryptocurrency in over 70M locations around the globe.  

Since July 2020, Binance has been the largest stakeholder of Swipe; the collaboration was aimed to "further mainstream adoption of cryptocurrencies by bridging the gap between fiat and digital assets, notably payments and purchases in cryptocurrencies through traditional financial systems."

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The two worked closely together, with Swipe (digital asset and Visa debit card platform) acting as "Binance's card program manager and technology platform.”

2021 seemed to be the year of Binance with its successful licensing negotiations in Canada, Bahrain, the UK, and its Labs Department bringing in multiple investors to fund startups such as Multichain.

Aaron S. Editor-In-Chief
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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