ChainCatcher news, according to Cointelegraph, Binance will suspend its crypto debit card services in Latin America and the Middle East starting August 25, and will terminate cryptocurrency debit card services in the region on September 21. Binance stated that users can apply for fund refunds before December 20, 2023.In this regard, Binance did not disclose the specific reasons for the suspension, but stated that it would only affect 1% of users in the aforementioned regions.

ChainCatcher News, the Web3 payment platform Suberra announced that it will launch a new non-custodial crypto debit card in the second half of this year, with a waitlist now open for registration. This debit card allows users to purchase items using cryptocurrency while also earning up to 1% cash back rewards.ChainCatcher previously reported that the Web3 subscription and payment platform Suberra completed a $2.7 million funding round last October, with participation from Spartan Capital, Delphi Digital, Hashed, Newman Capital, Defiance Capital, Arcane Group, and Tsing Tech Ventures. (Source link)

ChainCatcher news, the parent company of the encrypted exchange Gate.io, Gate Group, announced plans to launch the Gate Visa cryptocurrency debit card through its company Gate Global UAB located in Lithuania. Through projects like the Gate Visa debit card, Gate Group debit cardholders can seamlessly convert and use digital assets to pay for goods and services. (The Block)

ChainCatcher news, Bybit will launch a new debit card product that allows users to make payments and withdrawals using cryptocurrency. The Bybit card will operate on the Mastercard network and will enable fiat-based transactions by deducting cryptocurrency balances when paying for goods and services. The service initially launched a free virtual card for online shopping, with a physical debit card set to be released in April 2023.The service will work with BTC, ETH, USDT, USDC, and XRP balances on user accounts. Payments will automatically convert the balances of these initial cryptocurrencies to euros or pounds, depending on the user's residence.Previously, on March 4, Bybit announced that it had suspended USD top-ups via bank payments due to service disruptions from partners, and USD top-ups via wire transfer (SWIFT) and wire transfer (US banks) are no longer available. Bybit did not disclose whether the banking partner was Silvergate in the announcement. (Source link)

ChainCatcher news, according to foreign media reports, Mastercard has reached a strategic partnership with the cryptocurrency trading platform BitOasis, expecting to launch a cryptocurrency-supported debit card in the Middle East and North Africa (MENA) in early 2023. BitOasis customers will be able to convert their held cryptocurrencies into fiat currency, allowing consumers to shop and pay easily at over 90 million merchant locations worldwide.It is reported that the cryptocurrency trading platform BitOasis in the Middle East and North Africa announced last October that it had completed a $30 million Series B financing, led by Jump Capital and Wamda, with participation from Alameda Research, Global Founders Capital, Pantera Capital, Digital Currency Group, and NXMH. (source link)