[CZ: Acquired 20% Stake in Swipe Wallet for Tens of Millions of Dollars Around 2020 and Launched Binance Card in Europe] Odaily Planet Daily News - CZ mentioned early information about the 'Binance Payment Card' in his personal autobiography *Binance Life*, stating: 'In February 2020, I was introduced to the Philippine crypto startup Swipe Wallet. It was originally a wallet but later pivoted to creating crypto debit financial cards. Users pay with cryptocurrency, while merchants receive fiat currency, making the process almost seamless for users. The idea itself wasn’t new, but the biggest challenge was finding banking partners. For crypto enthusiasts, it eliminated the hassle of selling crypto for fiat, enabling cryptocurrencies to be used directly for everyday payments. At the time, Swipe was not yet fully operational but wanted to gain users through collaboration with Binance. The founder, Joseph, proposed exchanging 80% of Swipe’s shares for a partnership. He was very smart and later sold the remaining 20% to us for tens of millions of dollars. Subsequently, Binance launched the Binance Card in Europe, which quickly became a favorite among users.'