Changpeng Zhao, the founder, and CEO of Binance listens when the cryptocurrency community speaks. CZ is focused on building the cryptocurrency and blockchain space into a common tool used by the entire world. He often responds to the term “hodl” with his own advice of “buidl”, which means working to build the infrastructure and create dapps that make transactions or even just interactions easier.
One of CZ’s recent moves to make cryptocurrency more accessible is the inclusion of credit card purchases on Binance. After a partnership with the crypto payment processing company Simplex, Binance opened the door to accepting several different credit cards.
The partnership with Simplex is designed to make buying and using cryptocurrency as easy as possible for newcomers. CZ says the move will make the world of cryptocurrency more open.
“We want to provide Binance users with fast and easy access to crypto, in the most secure way possible. Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On Binance.com, you can now buy crypto with credit cards and start trading in minutes.”
A recent interaction on twitter perfectly illustrates CZ’s desire to reach people on a more personal and friendly level, but it also displays the hunger of the Ripple community.
The account @XRPcryptonation tweeted their excitement for credit card purchases and what it could mean for XRP.
“A friend of mine tried to buy xrp on Binance with a credit card last night and it wasn’t available yet. Checked this morning and it is now live. You can purchase XRP with your debit or credit card. 3 for $1 but not for long baby! #xrparmy #xrpcommmunity”
@cz_binance replied, “XRP purchasing using a credit card is working now. Slowly but surely”
CZ also complimented the fervor of the Ripple community. “Can’t argue, the XRP army is strong.”
Adding credit card purchases on an exchange that is as widely used as Binance is obviously a piece of bullish news. In the long run, credit card purchases could lead to millions of new users entering the crypto space.