Binance Acquired Swipe Platform

Binance, the world's largest cryptocurrency exchange by volume, acquired the Swipe platform, which uses Visa cards.

Binance exchange, which made a big impression by purchasing shares from the Swipe platform, which develops cryptocurrency-based Visa cards in June last year, announced that it has purchased the entire platform this week. The Swipe founder has resigned after the aforementioned sale. Swipe, which accepts cryptocurrency-based Visa cards at 70 million points globally, stood out as an important initiative in this sense. Last year, Binance crypto exchange took this into account and bought a majority stake. Swipe wallet and SXP coin continued on their way in the same way. This week, the entire Swipe platform was purchased. From now on, Swipe will work as Binance's card program manager and will make deals for Visa cards at new locations, taking into account regulatory rules. Founder and CEO Joselito Lizarondo, who started working for the crypto exchange Binance last year, left his job completely after the sale. Swipe will be called Solar from now on. At the moment, it is unknown whether there will be a name change regarding the SXP coin. SXP coin moved towards the $2 level with the news.