Binance.US Partners with MoonPay to Facilitate Dollar Deposits and Withdrawals
Published 1 minute earlier on [date]
To address disruptions that have prevented American customers of Binance.US from depositing or withdrawing dollars, the cryptocurrency exchange has announced a partnership with MoonPay.
Key Points:
– Binance.US customers can now exchange dollars for cryptocurrencies by first purchasing Tether’s USDT stablecoin, which can then be converted into other available cryptocurrencies on the platform.
– The partnership with MoonPay allows customers to conveniently buy and sell crypto within the Binance.US mobile app using debit cards, credit cards, Google Pay, and Apple Pay.
– USDT can be used to instantly trade over 150 different cryptocurrencies on Binance.US.
– Binance.US customers have been unable to deposit or withdraw dollars for over a month due to banking partner issues.
– The Securities and Exchange Commission has proposed separating Binance Holdings officials from accessing Binance.US cloud infrastructure, pending federal approval.
Hot Take:
The partnership between Binance.US and MoonPay presents a solution for American customers who have been unable to access dollar deposits and withdrawals. By offering the ability to purchase USDT and trade it for various cryptocurrencies, Binance.US aims to provide a streamlined experience for its users. This development is crucial for the crypto community as it demonstrates efforts to overcome regulatory and banking challenges in the industry.
By
By
By
By