#BNB

Binance, the world's largest cryptocurrency exchange, has revealed 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 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 degree of security.

This step aims to simplify the process of 'off-ramping' from cryptocurrencies, which has been a challenge for many users wishing to convert their digital assets into easily spendable cash.

Thomas Gregory, Vice President of Binance for Cash Currencies, 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 withdrawals and comes as part of our ongoing partnership with innovation leaders in the payments sector."

Gregory emphasized that this step is part of Binance's commitment to expanding its services in collaboration with global partners such as Mastercard.