Binance the blockchain company behind the world’s largest cryptocurrency exchange has launched direct USD deposits and withdrawals for users in more than 70 countries through BPay Global according to details shared with Finbold on October 0 Global
a payments service provider licensed and regulated by the Central Bank of Bahrain and part of the Binance Group will enable retail and corporate users in eligible regions to fund store and convert 1 to crypto and back from their fiat 2 on- and off-ramp for USD The new feature supports USD transactions via SWIFT bank transfers
with zero fees for deposits from Binance as well as credit and debit cards Apple Pay and Google 3 Gregory
Vice President of Fiat at Binance said: “After much anticipation we are happy to offer our users direct on- and off-ramp for USD the most used currency for transactions around the world
which caters to our diverse global user base and their 4 wider USD services allows us to further lower entry barriers to crypto with low costs and enhances the user experience within our platform known for its world-class security.” The integration allows Binance users to hold funds in regulated fiat accounts through BPay Global’s e-wallet infrastructure giving them access to multiple global currencies including USD for direct use on the Binance 5 image via Shutterstock.
Story Tags
Latest news and analysis from Finbold
