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Binance Revolutionizes the Digital Withdrawal Space: Your Money on Mastercard in Minutes

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Binance, the world's largest cryptocurrency exchange, has unveiled a new feature for its users in Europe that allows them to convert cryptocurrencies into cash and withdraw it instantly to eligible Mastercard (NYSE:MA) cards, marking a significant advancement in facilitating the use of digital assets in everyday life.

The new feature, which is now available through the 'Buy and Sell' service on the Binance website and its official app, relies on the advanced Mastercard Move system, enabling users to sell cryptocurrencies and transfer the proceeds directly to the card, or withdraw existing cash balance from the card itself, with great speed and a high level of security.

This move aims to simplify the process of 'withdrawing from cryptocurrencies' (off-ramping), which has posed a challenge for many users looking to convert their digital assets into easily spendable cash.

Thomas Gregory, Vice President of Cash at Binance, stated:

'We are committed to providing advanced financial solutions that make it easier for our users to manage their digital assets. The 'sell to card' feature represents a new leap towards instant withdrawal, and comes as part of our ongoing partnership with leaders in the payments innovation sector.'