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In 2022, everything is reversing, and the only thing running in the opposite direction is not the Bitcoin price graph. The SEC is reversing 180 degrees, Biden is reversing, and Trump is making completely different statements. Is it limited to this? No, Visa and Mastercard are also reversing 180 degrees for Binance.
Return to Bull Market in Crypto
With so many 180-degree turns, we can call this a return to the bull market. Last year, while it was uncertain whether the Binance exchange would reach an agreement with the US, Bloomberg reports mentioned that payment giants were becoming very reluctant about crypto due to suspending their relationships with Binance. Because in those days, especially in mid-last year, these business relationships could have caused them significant trouble.
Visa and Mastercard, having to choose between making money and the risk of legal expenses and reputational loss, had suspended their Binance-supported cards. Today, calling it a “return to the bull market,” payment giants, like everyone else, have turned their faces in the direction they were previously turning their backs on. This is the power of the bull.
In August 2023, after disabling this feature, Binance may allow Mastercard users to receive integrated services on the platform again. In addition to being able to make payments using Mastercard, the Binance-branded Visa card has also become functional on the exchange again. A Binance spokesperson said;
“After a comprehensive review of the rigorous controls and processes implemented by the Binance exchange, Mastercard has decided to allow purchases related to Binance on its network. We look forward to adding support for other products like withdrawals at a later date.”
