Exchange Binance added support for deposits from Visa and MasterCard

The leading cryptocurrency exchange Finance announced on Thursday, January 31 that now its users have the opportunity to make deposits using Visa and MasterCard Bank cards. This option has been implemented thanks to a partnership with payment-processing service Simplex.

"We want to give Binance traders quick and easy access to cryptocurrencies, making it as secure as possible. The partnership with Simplex has allowed us to bridge the gap between credit card payments and cryptocurrencies on a global level," said CEO of Binance Changping Zhao.

The exchange also said that it is able to process 1.4 million orders per second, being not only the largest trading platform in terms of trading volume, but also the fastest on the market.

"Simple and fast card payments for ordinary users are a key factor in the wider adoption of cryptocurrencies. We are pleased to partner with Finance and to be able to jointly provide a better user experience, " said Nimrod Lehavi, co-founder and CEO of Simplex.

Changpeng Zhao added that the cryptocurrency industry is still at an early stage of its development and that most of the money in the world is still Fiat. According to him, the creation of such payment gateways is necessary for the growth of the ecosystem and the spread of cryptocurrencies to more users.

Earlier today, BitTorrent (BT) token trading started on Finance. BTT crowdsale took place on January 28 and collected $7.2 million in just 18 minutes.