Binance, the world’s leading crypto exchange, has announced the launch of a new crypto-to-bank payment platform, Send Cash, in nine countries in Latin America. The platform will allow users to transfer their digital assets via Binance Pay and receive fiat currency with an equivalent value of their digital assets directly into their bank accounts. The launch of the new payment solution comes as Binance faces legal scrutiny over its crypto operations in Russia and the United States.Min Lin, Regional Vice President for Latin America at Binance, expressed enthusiasm about the newly launched service. He said that releasing Send Cash in Latin America marks a significant step in the exchange’s advancement and solidifies its position as the world’s largest crypto exchange. He also stated that the expansion into Latin American markets will facilitate inclusion and increase the adoption of cryptocurrencies, allowing users in the regions to overcome payment barriers.Send Cash will be available to Binance users in Paraguay, Argentina, Dominican Republic, Honduras, Costa Rica, Colombia, Panama, Guatemala, and Mexico. Additionally, reports reveal that the Bitcoin lightning network integrated into Binance is recording some of the highest adoption rates ever.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | South America |
| Countries | 🇵🇾 🇦🇷 🇩🇴 🇭🇳 🇨🇷 🇨🇴 🇵🇦 🇬🇹 🇲🇽 🇧🇪 🇵🇱 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Security and Exchange Commission, Min Lin, United States, Poland, Belgium |
| Companies | Binance, Bitcoin Lightning Network, Poland, United States Security and Exchange Commission (SEC), Belgium |
| Currencies | dominican peso, Colombian Peso, Ethereum, Bitcoin, costa rican colon, paraguayan guarani, guatemalan quetzal, panamanian balboa, honduran lempira, argentine peso, Mexican Peso |
| Securities | None |
