Binance launches crypto-to-bank account payment product in Latin America
Binance launches crypto-to-bank account payment product in Latin America
Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region.
On Aug. 30, Binance said it's working with licensed transfer processing providers for its new “Send Cash” product that allows users from nine countries to transfer crypto funds directly to bank accounts.
The new function is available for users in Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, the Dominican Republic, Panama, and Mexico.
Users from these countries will be able to send money via Binance Pay to recipients with bank accounts in Colombia and Argentina. Binance Pay, which has seen growth in Africa, Asia and Eastern Europe is the exchange’s native crypto payment technology platform
