Binance removes the Visa logo from the new card!!Many doubts about Binance!! - Page 2 - Crypto World - CryptoTalk.Org Jump to content
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Binance removes the Visa logo from the new card!!Many doubts about Binance!!

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4 hours ago, Honny143 said:

My dear friend i don't heard this news so I have no idea about this issue, but I think this news is not convincing me because visa card and binance two big platform and work together for years, so binance can't do like this if the news is real then something happen with this two platform's.

It is not me who made the news, my friend, but this news I took from the official blog of Binance, as well as the image with the logo and the image without the logo of Visa All these things I took from the official blog of Binance and did not bring anything from me.

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Don't worry binance exchange and this company getting more and more popular in whole community of crypto world and now binance exchange acquired Coinmarketcap website for 400$ million and launched some new technology binance chain. For making white papers. 

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I have not idea about this Visa Card of Binance website exchange, this is the first time where I see that Binance remove the logo of Visa from their Cards, but is possible the reason is because of intellectual rights.

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Binnance is the most trusted exchange by many traders.so i dont5 think people havimg doubts on this exchange.may be the visa card is removed due to some mission team wanted to make some changes in the exchange

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3 hours ago, tienda said:

I have not idea about this Visa Card of Binance website exchange, this is the first time where I see that Binance remove the logo of Visa from their Cards, but is possible the reason is because of intellectual rights.

I don't think so. I wrote a topic before that and said that there is a relationship between Binance and Visa about this new card and it had a Visa logo, but after several days Binance removed the Visa logo from the card and did not mention anything about Visa.

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I don't think so, Binance is a big company and it has a good reputation that you can't do these things as it will lose its customers. It may seem that the project did not succeed, so she removed the project. Although useful. I will not agree with you on what you said


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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9 hours ago, Sezar55 said:

Until this time I have not heard anything about this matter 7 but if it is true what is being said then this is a very good thing and it will enable many people to always request cryptocurrencies

The card may be good, but that which happened is never good. To have a large platform like Penance use the Visa company logo for advertising and then remove the logo without giving a justification for what happened, this is not good.

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They want to be independent on their own, they might not want to partner with visa for them to function with atm cards, they have a good reason for doing it

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10 hours ago, CryptoVicky said:

I have no idea what is going on Binance crypto currency exchange. As we all know, Binance is a leading crypto currency exchange and probably one of the best as per volume concern. I think if there is a issue with visa partnership or logo on binance debit card , they will surely declare about that issue to the user that for sure. 

Yes, Binance is the largest exchange of cryptocurrencies and the most popular as well, and what they are doing to remove exchange pairs is to maintain their excellent services and to increase the liquidity in the exchange and protect users from buying bad currencies.

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This is very sad to hear and i think that many people will be affected by this. One of the reasons that many tend to get a visa debit card from binance that is powered by crypto, is that it allows for the users to be able to use their crypto in many more purchases online as almost all online stores allow the acceptance of visa cards to make payments. This however will no longer be the case for those that have binance cards. I hope that this is corrected in the future. Although at the moment there are other companies that do still associate with visa and those can be used as well.


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On 4/15/2020 at 8:45 AM, Crypto123 said:

It seems that the Binance Lie series will not stop at the borders !!! Is it another April Fool's Day or is lying a habit at Binance ?? !!!

I do not think that Binance can lie in such a case, it is a large platform and has a reputation and has a lot of users throughout the science and I think that removing a logo from the image is not sufficient evidence that it is lying.

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On 4/16/2020 at 8:03 AM, bliznec said:

Do not believe in information sources that are not telling the truth. Binance never think will remove Visa from his card. What then is a card if there is no Visa logo.  

They won't remove it, if they ever had this co-operation. Right now it seems that they don't/can't co-operate with Visa. They might ask Mastercard, AMEX or Discovery next. Still they claimed something that wasn't real at that moment, partnering with Visa to create a crypto card.

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BINANCE is still dealing with the VISA card and this option is already in the platform menu on the phone and computer, but you must have done your account with the documents to be able to use it.


THINK POSITIVE

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On 4/15/2020 at 12:15 PM, Crypto123 said:

Hi friends
It seems that the Binance Lie series will not stop at the borders !!! Is it another April Fool's Day or is lying a habit at Binance ?? !!!
I was posting a thread from a while ago about the new Binance card that I claimed is supported by the VISA card but one of the good members here who is my friend @BTC Future  told me that Binance removed the Visa logo and told me a lot of bad things about Binance and this is his response here:

https://cryptotalk.org/topic/93107-binances-new-electronic-payment-card-supported-by-visa/page/5/?tab=comments#comment-6480539


This is the image of the card as it was found on the official blog of Binance with the previous news

?u=https%3A%2F%2Fi.imgur.com%2Fm9KOTek.png&t=612&c=t9j0JU_zse24pw

 

I was surprised by his words, so I searched myself and found that the information he provided is true and indeed that Binance removed the Visa logo without mentioning any reason for that and without any mention of Visa in the official blog even though it had announced in the previous news that the card is backed by Visa.
The Visa logo has been removed from the image and the ad has been updated to contain no mention of the Visa card !!!!


Is it a new April Fools?
No one knows exactly what happened, how does the platform initially announce Visa support and then the news is completely free of it without any explanation?
How can a reputable company claim to partner with a large company like Visa without its knowledge? And if there was cooperation and it was canceled, why would Binance not say so?
Hundreds of questions have been raised about Binance and what are its goals?

This is the news link on the official Binance Blog:
https://www.binance.com/en/blog/421499824684900479/Introducing-the-Binance-Card-Shop-and-Pay-With-Crypto-Anywhere-in-the-World

Of course it is the same as the previous link and this new image:

?u=https%3A%2F%2Fi.imgur.com%2F5eljAeE.jpg&t=612&c=vD-LgDT-8CHd4Q

 

So what do you think of this information and what do you think about the behavior of Binance, which has become a lot of doubts and questions?

I have not heard any such news from the binance official regarding removing visa logo and all. I'm following binance on every social media platforms and honestly i don't have any clue about it. 

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59 minutes ago, BTC Future said:

They won't remove it, if they ever had this co-operation. Right now it seems that they don't/can't co-operate with Visa. They might ask Mastercard, AMEX or Discovery next. Still they claimed something that wasn't real at that moment, partnering with Visa to create a crypto card.

Let them then ask for cooperation with Mastercard, who can do this and set an example. Visa apparently wants to get a percentage. 

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3 hours ago, postonhai said:

I have heard much about binance exchange and its reliability. It is one of the best exchange site in crypto market. I have heard nothing any bad news about binance but if binance launches its visa card, it will be one more step to increase the popularity of crypto currencies.

Certainly Binance has great popularity and high reputation, but this does not prevent them from mistaking it here by announcing their partnership with a Visa card without the news being confirmed or without obtaining approval from Visa. They also had to publish news of non-cooperation with Visa.

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Binance continuously bringing so mat new features and news things for Crypto lover because binance is top exchange. I also heard binance going to bring Visa card very soon and i hope that card available very soon.

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On 4/15/2020 at 9:45 AM, Crypto123 said:

So what do you think of this information and what do you think about the behavior of Binance, which has become a lot of doubts and questions?

I think it is normal because there are a lot of debit or credit cards aside from Visa like MasterCard. The question is : Why did it put the Visa logo in the first place?

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It's very akward and sad news for me if it's true. Binance is one of the oldest and most trustable platform, it's hard to believe that they lies with their users.

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O still think that the Binance is still on the use if the visa as of now their Crypto card, as this cards are really on a rise in most Crypto Wallets and even some exchanges. As they really have that on the use Visa cards

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14 hours ago, rounack said:

I think visa, mastercard, rupay etc are all payment gateways. If they support crypto exchanges transactions then the platform can make debit cards for their users.if by any reason visa don't support binance now then another platform surely help binance in this topic.so we need noy worry much about this

It is a good idea that one of the popular payment gateways such as Visa or others supports Binance card, but this behavior is not good from Binance. They do not have to say at first that their card is supported by Visa and then remove the logo without stating the reason.

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34 minutes ago, Cryptotanu said:

Yes, it's seems to me quite strange that Binance, one of the leading crypto currency exchange moved visa logo from the binance card. Also, many binance users asking the same to Binance CEO, about why they removed the logo, but the CEO not responded at all. 

There is more than one question about the CEO of Binance, I have heard a lot of news and questions about it, and this is the last one there are many who ask how the Visa logo is removed from the new Binance card without any clarification.

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23 hours ago, Nicer216 said:

Binance have their own visa card? I haven't heard about it, such as I still don't find any cryptocurrency visa card, probably they are exist somewhere, or probably still didn't invented 

Well my dear, did you read the topic well, I put the link of the official announcement of Binance on the subject, the card is still experimental and it was distributed only in a few countries as a matter of experiment but then it will become an official card for Binance.

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I was happy that binance agreed to accept the visa. but that news I don't see anything new. until this news. Binance is a big exchange and is heavily used. I don't know what is really. Maybe it doesn't get visa approval or something goes wrong. But I still believe in binance.

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8 hours ago, kadayakito said:

I was happy that binance agreed to accept the visa. but that news I don't see anything new. until this news. Binance is a big exchange and is heavily used. I don't know what is really. Maybe it doesn't get visa approval or something goes wrong. But I still believe in binance.

We were all happy when we heard this news about Binance's cooperation with Visa because it would be a real revolution in converting and receiving cryptocurrencies around the world, but unfortunately I was surprised that the Visa logo was removed without mentioning any reasons.

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On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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