Binance's new Mastercard feature enables near real-time crypto-to-fiat conversions for European users, reducing reliance on banks and paving the way for potential global expansion amid regulatory challenges.
Binance announced a new Mastercard feature allowing European users to convert crypto to fiat and directly transfer euros to their Mastercard in near real-time. The platform now offers two options—selling crypto for fiat and withdrawing existing euro balances—with potential expansion to additional currencies pending regulatory and operational reviews.