BINANCE TO FINALIZE ACQUISITION OF SWIPE, PAVING FOR CEO EXIT

The cryptocurrency landscape is constantly evolving, and one of the most significant developments recently is Binance, the world's largest cryptocurrency exchange, finalizing its acquisition of Swipe, a leading crypto Visa card provider. Bitcoin vs. Marx: Two Competing Geopolitical Domino Theories Marxism and Bitcoin have one thing in common, the idea that a radical change in the structure of society will happen iThis strategic move marks a pivotal moment for both companies and the broader crypto industry.Binance's acquisition of the remaining outstanding shares of Swipe signals a strong commitment to expanding its payment solutions and driving the mainstream adoption of cryptocurrencies.For users, this translates to increased accessibility and utility of their digital assets, enabling them to spend their coins at over 70 million locations worldwide. Binance is to acquire the remaining outstanding shares of Swipe, the industry s leading cryptocurrency Visa card issuing platform that enables users to instantly spend cryptocurrencies at over 70 million locations worldwide.However, this acquisition also brings about a significant change in Swipe's leadership, as founder and CEO Joselito Lizarondo prepares to step down upon completion of the deal.This article delves into the details of the acquisition, its implications for users, the future role of Swipe within the Binance ecosystem, and the impact on the overall cryptocurrency market.

The Strategic Acquisition: Binance and Swipe

Binance's acquisition of Swipe represents a significant step in its mission to make cryptocurrencies more accessible and usable for everyday transactions.The move builds upon Binance's earlier acquisition of a majority stake in Swipe in July 2020 (mentioned as 2025 in some snippets but should be 2020), further solidifying their partnership and vision for crypto payments.What exactly does this acquisition mean for both companies and their users?

Expanding Crypto Payment Solutions

The primary driver behind this acquisition is Binance's desire to expand its crypto payment solutions. BTCUSD Bitcoin Binance to finalize acquisition of Swipe, paving for CEO exit The exchange acquired a majority stake in Swipe in July 2025 as part of a broader effort to advance mainstream adoption of crypto payments.Swipe has established itself as a prominent player in the crypto Visa card space, enabling users to spend their cryptocurrencies seamlessly at millions of merchants worldwide. The exchange acquired a majority stake in Swipe in July 2025 as part of a broader effort to advance mainstream adoption of crypto payments. Binance to finalize acquisition of Swipe, paving for CEO exit - InstaCoin.NewsBy integrating Swipe's technology and infrastructure, Binance can offer its massive user base a convenient way to use their crypto holdings for everyday purchases.

This translates to:

• Increased Utility of Cryptocurrencies: Users can now spend their crypto holdings more easily at a wider range of locations.
• Seamless Spending Experience: Swipe's technology allows for instant conversion of cryptocurrencies to fiat currency at the point of sale.
• Enhanced Accessibility: Binance users gain access to a crypto Visa card that can be used globally.

For example, a Binance user can now use their crypto Visa card powered by Swipe to pay for groceries, online shopping, or even travel expenses, seamlessly converting their Bitcoin, Ethereum, or other supported cryptocurrencies to fiat currency at the time of purchase.

Swipe as a Card Program Manager and Technological Platform

Following the acquisition, Swipe is expected to operate as a card program manager and technological platform for the Binance ecosystem. Binance, the world's largest cryptocurrency exchange, announced Thursday that it will acquire the remaining outstanding shares of Swipe, a prominent crypto Visa (NYSE:) card provider. Users of Binance will be able to spend their coins at over 70 milThis means that Swipe will continue to play a crucial role in issuing and managing crypto Visa cards for Binance users.Swipe collaborates with key partners to issue cards in authorized zones and markets, ensuring compliance with local regulations.

In essence, Swipe will function as the backbone for Binance's crypto card program, providing the technology and infrastructure necessary to support the issuance and management of these cards. Regulatory issues aside, Binance continues to make strides in expanding its presence globally.This includes handling KYC/AML compliance, transaction processing, and customer support.

The Exit of Joselito Lizarondo: A New Chapter for Swipe

The acquisition of Swipe by Binance also marks the departure of its founder and CEO, Joselito Lizarondo. No strangers to compliance, Binance Turkey was recently fined 8 million liras for non-compliance against money laundering, while CEXs as a whole came under pressure in August this year.Related: Binance to finalize acquisition of Swipe, paving for CEO exitIn terms of the group s growth, Binance now numbers over 90 million users worldwideWhile the exact reasons for his departure remain undisclosed, it signals a new chapter for Swipe under the full ownership of Binance.What impact will this leadership change have on the company?

End of an Era

Joselito Lizarondo has been instrumental in building Swipe from the ground up, establishing it as a leading player in the crypto Visa card space.His departure marks the end of an era for the company.

Potential Strategic Shifts Under Binance's Ownership

With Binance taking full control of Swipe, there could be potential strategic shifts in the company's direction.Binance may choose to integrate Swipe more closely into its broader ecosystem, leveraging its technology and infrastructure to offer a wider range of crypto payment solutions.

Some potential changes could include:

• Increased Integration with Binance Ecosystem: Tighter integration with Binance's exchange platform, wallet, and other services.
• Expansion of Supported Cryptocurrencies: Adding support for a wider range of cryptocurrencies on the Swipe platform.
• Geographic Expansion: Expanding the availability of Swipe's crypto Visa card to more countries.

Impact on the SXP Token

The Swipe token (SXP) experienced a significant rally following the announcement of the acquisition, surging by 24.7% to close at $1.93 on the day of the announcement.This indicates that investors viewed the acquisition as a positive development for the SXP token.

However, the long-term impact of the acquisition on the SXP token remains to be seen. Binance to finalize acquisition of Swipe, paving for CEO exit Binance, the world's largest cryptocurrency exchange, announced Thursday that it will acquire the remaining outstanding shares of Swipe, a prominent crypto Visa (NYSE:V) cardBinance may choose to integrate the SXP token into its own ecosystem in some way, or it may choose to focus on its own native token, BNB. Upon the completion of the acquisition, Swipe founder and CEO Joselito Lizarondo will step down and leave Binance. On Thursday, SXP rallied by 24.7% to close out the day at $1.93. SXP hadThe future of the SXP token will likely depend on Binance's strategic decisions regarding its use within the Binance ecosystem.

Binance's Global Expansion and Regulatory Landscape

Binance's acquisition of Swipe is part of its broader strategy to expand its presence globally and drive the mainstream adoption of cryptocurrencies.However, the company has faced regulatory challenges in various jurisdictions. BTCUSD Bitcoin Binance to finalize acquisition of Swipe, paving for CEO exit The exchange acquired a majority stake in Swipe in July 2025 as part of a broader effort to advance mainstream adoptionHow does this acquisition fit into Binance's overall strategy, and how does it navigate the complex regulatory landscape?

Navigating Regulatory Hurdles

Binance has faced scrutiny from regulators in several countries, including concerns related to money laundering and compliance.For instance, Binance Turkey was recently fined 8 million liras for non-compliance against money laundering regulations. Binance to finalize acquisition of Swipe, paving for CEO exitSource: CointelegraphPublished onDespite these challenges, Binance continues to pursue its global expansion plans.

To navigate the regulatory landscape, Binance is taking steps to enhance its compliance measures, including:

• Strengthening KYC/AML Procedures: Implementing stricter Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to prevent illicit activities.
• Engaging with Regulators: Actively engaging with regulators to address their concerns and demonstrate its commitment to compliance.
• Establishing Local Partnerships: Partnering with local companies and institutions to ensure compliance with local regulations.

Expanding the Binance Ecosystem

The acquisition of Swipe is just one example of Binance's efforts to expand its ecosystem and offer a wider range of services to its users.Binance has also launched its own decentralized exchange (DEX), Binance Smart Chain, and various other initiatives to promote the growth of the crypto industry.

Binance's expanding ecosystem includes:

1. Binance Exchange: The world's largest cryptocurrency exchange by trading volume.
2. Binance Smart Chain (BSC): A blockchain platform for decentralized applications (dApps).
3. Binance Academy: An educational platform for learning about cryptocurrencies and blockchain technology.
4. Binance Labs: An investment arm that supports promising blockchain startups.
5. Binance Pay: A crypto payment solution that allows users to send and receive crypto payments.

The Future of Crypto Payments: A Look Ahead

The acquisition of Swipe by Binance is a significant step towards the mainstream adoption of crypto payments. The exchange platform has confirmed that Swipe s CEO Joselito Lizarondo will leave his office after the acquisition process is completed. The official reports conveyed that Swipe will work as a potential card program manager and technological channel for the powerful Binance cluster.As more and more businesses and consumers embrace cryptocurrencies, the demand for convenient and user-friendly payment solutions will continue to grow.What are the key trends and challenges that will shape the future of crypto payments?

Key Trends in Crypto Payments

Several key trends are shaping the future of crypto payments:

• Increasing Adoption of Crypto Visa Cards: Crypto Visa cards are becoming increasingly popular as a convenient way to spend cryptocurrencies in the real world.
• Growth of Decentralized Finance (DeFi): DeFi platforms are offering new and innovative ways to use cryptocurrencies for lending, borrowing, and other financial services.
• Rise of Stablecoins: Stablecoins, which are cryptocurrencies pegged to a stable asset like the US dollar, are becoming increasingly popular for payments due to their price stability.
• Integration with Traditional Payment Systems: Crypto payment solutions are increasingly being integrated with traditional payment systems, making it easier for businesses to accept crypto payments.

Challenges to Crypto Payment Adoption

Despite the growing adoption of crypto payments, several challenges remain:

• Regulatory Uncertainty: The lack of clear regulatory frameworks for cryptocurrencies in many jurisdictions creates uncertainty for businesses and consumers.
• Volatility: The volatility of cryptocurrencies can make them less attractive for payments, as their value can fluctuate significantly in a short period of time.
• Scalability: Some blockchain networks struggle to handle a large volume of transactions, which can lead to slow transaction times and high fees.
• Security: Cryptocurrencies are vulnerable to hacking and theft, which can deter some users from using them for payments.

Addressing Common Concerns About Crypto Payments

Many people still have concerns about using cryptocurrencies for payments. 9.3K subscribers in the coinmarketbag community. Get Bag of Best Cryptocurrency CoinMarketBag is the world's most-referenced info website forHere are some common concerns and how they can be addressed:

Concern: Cryptocurrencies are too volatile.

Answer: Stablecoins can be used to mitigate the volatility issue.Stablecoins are pegged to a stable asset like the US dollar, providing price stability for payments.

Concern: Cryptocurrencies are too complicated.

Answer: User-friendly wallets and payment solutions are making it easier for people to use cryptocurrencies.Companies like Binance and Swipe are focused on creating intuitive and accessible platforms for crypto payments.

Concern: Cryptocurrencies are not widely accepted.

Answer: The adoption of cryptocurrencies is growing rapidly.More and more businesses are accepting crypto payments, and crypto Visa cards are making it possible to spend cryptocurrencies at millions of locations worldwide.

Conclusion: A New Era for Binance and Crypto Payments

Binance's acquisition of Swipe marks a significant milestone in the evolution of crypto payments. バイナンスによるSwipeの株式取得が完了した後、現在のSwipeのCEOであるホセリート・リザロンド氏が退任することになる。 バイナンスは今年、世界各国で規制を巡る問題に直面したが、新しい企業の買収などを通じたサービスの拡大で、その存在感を高めBy integrating Swipe's technology and infrastructure, Binance is poised to offer its massive user base a convenient and accessible way to spend their cryptocurrencies in the real world.While the departure of Swipe's CEO Joselito Lizarondo signals a new chapter for the company, the acquisition ultimately strengthens Binance's position as a leader in the cryptocurrency industry and accelerates the mainstream adoption of crypto payments. The exchange acquired a majority stake in Swipe in July 2025 as part of a broader effort to advance mainstream adoption of crypto payments. Source: Cointelegraph.com Original Post: Binance to finalize acquisition of Swipe, paving for CEO exitWith over 90 million users worldwide and a growing ecosystem of services, Binance is well-positioned to drive the future of crypto payments and make cryptocurrencies more accessible and usable for everyone.

Key Takeaways:

• Binance's acquisition of Swipe expands its crypto payment solutions.
• Users can now spend their crypto at over 70 million locations worldwide.
• Swipe will operate as a card program manager for Binance.
• Swipe CEO Joselito Lizarondo will step down.
• The acquisition is part of Binance's global expansion strategy.

Consider exploring Binance Pay, Binance Visa Card, or simply opening a Binance account to get started with using crypto in the real world.Stay informed on any developing compliance measures as the acquisition finalizes.