Binance.US Partners with MoonPay to Address Dollar Transaction Issues
Binance.US has partnered with payment provider MoonPay to solve the ongoing problems related to dollar transactions on its platform. This partnership comes as Binance.US faces legal and regulatory challenges and has severed relationships with multiple banking associates. Through the integration with MoonPay, Binance.US users will now be able to purchase Tether (USDT) stablecoins using debit/credit cards, as well as mobile payment systems like Apple Pay and Google Pay. These stablecoins can then be traded for various other digital assets on Binance.US.
Key Points:
– Binance.US has formed an alliance with MoonPay to address the monetary transaction issues it has been experiencing.
– Users have faced difficulties in depositing and withdrawing dollars due to the severed relationships with banking associates.
– Through the MoonPay integration, users can now purchase USDT stablecoins using debit/credit cards and mobile payment systems.
– Binance.US has also faced regulatory challenges, including claims by the SEC alleging securities law transgressions.
– The platform has experienced a decline in market share and liquidity compared to other U.S.-based crypto trading platforms.
Hot Take:
Binance.US’s partnership with MoonPay is a strategic move to restore dollar transactions for its users and compete with other U.S.-centric crypto trading platforms. This collaboration will provide users with more convenient payment options and broader access to digital assets. However, Binance.US still faces regulatory hurdles and will need to address these issues to regain its former market influence.
By
By
By
By
By