Binance has introduced direct USD deposits and withdrawals for users in more than 70 countries.
The service is available through BPay Global, a payment service provider licensed and regulated by the Central Bank of Bahrain and part of the Binance Group.
Retail and corporate users in eligible countries can fund, store, and convert USD to and from crypto via their fiat wallets.
Transactions are supported through SWIFT bank transfers with no deposit fees from Binance, as well as credit or debit cards, Apple Pay, and Google Pay.
“After much anticipation, we are happy to offer our users direct on- and off-ramp for USD, the most used currency for transactions around the world, which caters to our diverse global user base and their needs,”
said Thomas Gregory, Binance Vice President of Fiat.
“Providing wider USD services allows us to further lower entry barriers to crypto with low costs and enhances the user experience within our platform known for its world-class security.”
BPay Global offers Binance users a fiat e-wallet that enables them to store funds in multiple fiat currencies, including USD, under a regulated entity and use them directly on the Binance platform.
Featured image credit: Edited by Fintech News Middle East, based on image by suksao via Freepik
