Binance, one of the world’s largest digital asset exchange platforms, has announced that people can now directly buy four major cryptocurrencies, using the Russian Ruble (RUB). Binance published an official announcement to the effect earlier today.
According to Binance, users will be able to directly add their Visa cards to the platform. Once this has been successfully done, users will then be allowed to use these cards holding RUB, to buy four cryptocurrencies. The four supported assets include Bitcoin (BTC), Binance Coin (BNB), Ether (ETH), and XRP.
The announcement also specifies that these purchases can be done in less than 60 seconds and do not require users to make any deposits. Binance also says that while Visa cards are acceptable for now, support for Mastercard will be added sometime soon.
Binance initially announced support for the RUB in October last year. During an event in Moscow sponsored by the state, Binance CEO Changpeng Zhao made the announcement.
In a conversation with CoinDesk at the time, Zhao had spoken about the importance of the Russian market to Binance. He said:
“We are always looking for partners in any community, especially in Russia. Russia is our key market, one of the most active markets in the global blockchain space.”
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