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Ensolbit:The Binance exchange is preparing the release of a crypto payment card in Ukraine

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In an interview with Forbes, Binance Exchange General Manager in Ukraine Kirill Khomyakov spoke about the platform’s plans to launch a cryptocurrency payment card that automatically converts digital currency into fiat when making a payment. The project will be implemented jointly with local organizations.

According to Ensolbit, Binance plans to take a dominant share of the Ukrainian crypto market. To this end, in addition to plans to issue payment cards, the platform will work on projects to issue fantokens for sports teams, with the help of which football clubs will be able to interact with fans and participate in important decisions of the clubs.

Along with the traditional tools of the crypto exchange, for example, futures, staking, the Binance Pay system will be developed – contactless international payments in cryptocurrencies.

Khomyakov called the main difficulties in the development of the Ukrainian crypto market the lack of regulation and the legal framework that would allow attracting investments from international companies.

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