Binance.US Partners with MoonPay for USD on/off Ramp

By Bernard Nicolai Aug 23, 202360Views

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The American arm of Binance is searching for a payments provider as its traditional banking partners have withdrawn their support. Binance.US has replaced USD with USDT as its new base asset and has partnered with MoonPay to offer reliable USD payment solutions. Users can now fund their Binance.US mobile wallets with USDT and purchase the stablecoin on MoonPay with USD. However, MoonPay does have basic KYC requirements. The new feature on Binance.US, “Enhanced Buy & Sell Crypto,” still supports over 150 cryptocurrencies and allows users to cash them out to USD via MoonPay. Binance’s native token, BNB, saw a 5% gain after the news.

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Bernard Nicolai

Bernard Nicolai emerges as a beacon of wisdom, seamlessly harmonizing the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the labyrinth of digital assets, Bernard's insights echo like a resonant chord, touching the minds of seekers with diverse curiosities. His talent for deciphering the most intricate strands of crypto intricacies seamlessly aligns with his editorial finesse, transforming complexity into a captivating narrative of comprehension. Guiding both seasoned adventurers and inquisitive newcomers, Bernard's insights forge a compass for informed decision-making within the ever-evolving tapestry of cryptocurrencies. With the artistry of a wordsmith, they craft a narrative that enriches the evolving chronicle of the crypto cosmos.