Embattled cryptocurrency exchange Binance has lost some business with payment card networks Mastercard and Visa.
Where available, users can also shop with crypto and send crypto using Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance," the company added.
Mastercard confirmed that it is ending the partnership, with a spokesperson telling CNBC that, from Sept. 22, four pilot Binance co-branded Mastercard card programs the company had with Binance in Argentina, Brazil, Colombia and Bahrain "will no longer be in use."
"This provides cardholders with a wind-down period to convert any holdings in their Binance wallet," the Mastercard spokesperson said.
"There is no impact on any other crypto card program."
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