It is just an online bank, which allows interaction with the Binance account. Where it is possible to transfer money from Binance to your bank account, directly in the bank's app. It may reduce some steps in the process, but it is the same as converting the cryptocurrency on Binance and then transferring it to any bank account using IBAN.
Looks like it might even be a legit service, but I am not willing to risk going through KYC to check it out.
The service itself seems legitimate to me, but the service is Revolut style, with the advantage that you can directly send USDT from Binance to the card and then use it.
It is not like other crypto cards, where the person sends BTC and can then spend it directly, with the platform converting at the time of use.
But it's also not a card I'm going to risk right now. I continued to wait for the Bitrefill card, it seems to be the most interesting one so far, if they actually launch it on the market.