Swipe CEO to Step Down as Binance Acquires 100% Stake
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Swipe CEO, Joselito Lizarondo, will leave the Visa crypto card provider once Binance will finalize the acquisition of the remaining outstanding shares of the company, according to a blog announcement. It remains unclear when the exchange plans to acquire all the 100% shares of the company.

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Binance first announced partnership with Swipe in July 2020. As part of the partnership, the exchange issued its own crypto debit card. However, the price of the deal remains undisclosed.

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Previously, Binance received in-principle approval as a cryptocurrency service provider from the Central Bank of Bahrain. The approval allows Binance to offer services as a crypto-asset service provider.

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