RATE Group | Binance expands its fiat options, making way for crypto mass adoption
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Binance expands its fiat options, making way for crypto mass adoption

13 Dec Binance expands its fiat options, making way for crypto mass adoption

Posted at 09:49h in Cryptocurrency News by

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  • Binance enters partnership deal with P2P platform for buying Bitcoin for fiat.
  • The development may support cryptocurrency mass adoption in the future.

The Malta-based cryptocurrency exchange Binance has entered a partnership deal with Paxful, the P2P platform for buying Bitcoins. In the future, the alliance will allow Binance users from 167 countries to purchase Bitcoins for fiat. 

Paxful works with several cryptocurrency trading platforms, but service Virtual Bitcoin Kiosk will be available only for Binance customers. Initially, they will be able to by Bitcoin on Paxful with ten fiat currencies: US Dollar, Russian Ruble, Vietnamese Dong, Columbian Peso, Indonesian Rupee, British Pound, Mexican Peso, Canadian Dollar, Euro, and Argentine Peso.

Currently, buying Bitcoin for fiat option is available for Binance customers in Argentina and Brazil due to the partnership deal between the cryptocurrency exchange and Latamex, a platform for fiat gateways in Latin…

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