Binance About To Purchase Swipe’s Outstanding Shares
One of the top crypto exchanges globally (Binance) has disclosed its intention to buy Swipe’s outstanding shares. Swipe is the acknowledged leader in issuing crypto visa cards. Swipe users can spend their digital assets across multi-million locations globally. Hence, if Binance can acquire Swipe shares, it would become a true competitor for top retail crypto merchants like MasterCard and PayPal.
The Binance-Swipe History
Binance’s first acquisition of Swipe’s shares dates back to the middle of last year, intending to make crypto-fiat exchange easy for its customers. Part of an official statement from Binance today states that “Binance seeks to purchase Swipe’s outstanding shares.
Both companies are licensed partners in issuing visa cards. Swipe acts as our tech platform for card management. Swipe has also expanded into various regions and markets where it is licensed for its card issuance operations.” Swipe’s native token (the SXP) surged by nearly 35% a few minutes after the announcement.
Binance’s Exploits Amidst Regulation Troubles
Binance has endured various struggles since the beginning of the year, especially related to the license of its operations in various nations. But despite these struggles, Binance keeps expanding its operations globally. It has made new collaborations and obtained licensing operations from various countries’ regulatory bodies.
One of its recent moves was being granted an in-principle approval license to provide virtual asset services in Bahrain. Also, Canada’s financial regulators approved the MSB license to expand its crypto-related offerings in the country. Furthermore, two weeks ago, Binance collaborated with Telkom Indonesia (the biggest telecom company in south-east Asia) to extend its crypto services in that area.
This year, Binance achieved a partnership deal with the Dubai world trade center and established the area as a top crypto environment. Also, Binance’s boss, CZ, has disclosed that Binance US is about to complete its latest funding round, which would be the biggest amount raised in its short history.
So, Binance continues to expand its businesses in several world regions even though it has had its challenges with regulatory authorities this year. If Binance is successful with its moves to be in the good books of these regulatory bodies, there is no limit to how great it can extend its businesses.
Binance Coin Delivers A Staggering 1,300% Profit, Outperforms BTC And ETH
On-chain analytics research firm, Arcane Research, has awarded Binance governance token, Binance coin (BNB), the year 2021. Arcane stated that the Binance coin had performed phenomenally this year.
Part of Arcane’s statement states that “BNB gain of almost 1,300% in price makes it a better performer than other digital assets including BTC even though BTC outperformed the stock market this year. Also, the growth of the Binance smart chain community has seen it take some share from Ethereum.” Binance is one of the reasons Ethereum can no longer lay claim to being the king of smart contract platforms. Despite having issues with flash loan hacks and validators, the Binance team ensured that BNB’s price performed excellently throughout the year.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
