Althoughworried by regulators (SEC, CFTC, etc.)Binance continues to move forward as a warrior carrying a quiver with arrows. So we are not surprised when the presses report continuous innovation signed by this crypto firm. Recently, his boss, Changpeng Zhao, talked about the launch of a new product, “Send Cash”. Big plan !
In short :
- Binance launches “Send Cash”, a cryptocurrency payment solution to a bank account for Argentina and Colombia;
- Binance was recently let go by its partners Mastercard and Visa as part of the development of crypto debit cards.
Binance innovates in Latin America
Attacks of all kinds, abandonment of notorious partners like Mastercard and Visa, refusal of licenses in several European countries, hasty departure from Russia… Dark clouds are covering the starry sky of Binance Right now. Fortunately, CZ and his whole team have the habit of countering the winds and tides since the day cryptocurrency exchange started.
“ Send money.
Instant. Reduced fees. »
Based on the article dealing with this subject, we can argue that Binance intends his “Send Cash” to users from 9 countries wanting make cryptocurrency payments to bank accounts based in Colombia and Argentina. Apparently, “Send Cash” is a new crypto payment solution suitable for transferring digital assets, such as bitcoin or BNB, to a bank account.
“ Send Cash will be available to Binance users in Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, Dominican Republic, Panama and Mexico for transfer their crypto via Binance Pay in order to send funds to recipients with bank accounts in Colombia and Argentina, initially, to lowest cost on the market », We can read on the Binance blog.
Financial inclusion, fight against poverty, economic growth… Binance’s contribution
“ This is a new step forward for Binance, which renews its commitment to the cryptocurrency industry in Latin America, expanding the benefits it offers in terms of financial inclusion, and developing new ways to use cryptocurrency in everyday life. Individuals and businesses in the region are very open to innovations that can solve the specific challenges they face and, from Binance, we continue to work to address them with products that match these local needs “, says Min Lin, regional vice president for Latin America at Binance.
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