Media: Binance is finalizing the details of the acquisition of crypto software company Swipe.io

According to The Block, Binance is finalizing a deal to acquire a majority stake in startup crypto software company Swipe.io. This move will pave the way for Binance to advance its branded payment card plan. The deal could be announced as early as this week. Binance has not yet responded to this matter.

Swipe.io offers a multi-currency crypto wallet app that enables users to buy, sell, and pay with their cryptocurrencies. Swipe.io is also a crypto-funded Visa debit card. The credit card is issued by Contis Financial Services Ltd, a Visa member authorized by the UK Financial Conduct Authority. Its token SXP can also be used for fiat currency, for redemption of digital gift cards, for higher membership debit cards, fee discounts on the platform, and enhanced rewards.

Original link: https://www.theblockcrypto.com/linked/69848/binance-majority-stake-swipe-payment-card