Binance has expanded its prepaid Mastercard crypto card to select countries in the Commonwealth of Independent States (CIS), giving users a new way to spend digital assets directly.
The Binance Mastercard is now available to verified users in markets including Armenia. With the card, customers can pay using Bitcoin, Ethereum, stablecoins, and more than 100 other supported tokens. At checkout, the crypto is instantly converted into local fiat currency, so merchants receive regular money while users pay with crypto.
Binance co-founder Changpeng Zhao described it simply: pay in crypto, and the merchant gets fiat or crypto. The idea is to make crypto payments easier and push broader adoption.
The prepaid card works anywhere Mastercard is accepted, both in-store and online. Users can earn up to 2% cashback on eligible purchases, though monthly limits apply.
Customers in the CIS region can fund their card accounts using U.S. dollars through debit or credit cards, Apple Pay, or Google Pay. In Uzbekistan, users can deposit local currency via the Humo card network. In Kazakhstan, they can top up in tenge through local banks and Mastercard channels.
One key feature is that users don’t need to convert crypto in advance. The exchange happens automatically at the moment of purchase. Binance says there are no administrative, processing, or annual fees from its side, although third-party charges may still apply.
To get the card, users must already have an account with a card-issuing provider, such as a crypto exchange or digital-friendly bank. Binance also requires full identity verification and anti-money laundering checks before approval.
Alongside the launch, Binance introduced a Valentine-themed promotion. The campaign offers rewards in select “pink icon” tokens like AMP, UNI, and DOT. Users can earn bonuses by referring friends, topping up their accounts, or trading on Spot and Futures markets. The promotion runs for about a month or until rewards are fully distributed.
At the same time, U.S. authorities are warning about a rise in romance-related crypto scams around Valentine’s Day. The United States Attorney’s Office for the Northern District of Ohio said scammers often build trust over weeks or months before convincing victims to send crypto to fake investment platforms.
Officials urged people to be cautious of online-only relationships, especially if someone quickly expresses strong emotions, refuses to meet in person, or asks for money through crypto, gift cards, or wire transfers.
So while Binance is promoting easier crypto spending and festive rewards, regulators are reminding users to stay alert — especially during a season when emotions can cloud judgment.
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