Article • about 1 year ago
Binance Withdraws Crypto Payment Credit Card from Latin America and the Middle East
Summary
- Binance has withdrawn its crypto payment credit card from Latin America and the Middle East.
- The announcement was made in response to a customer's question on Twitter.
- The card allowed users to pay for goods and services using their cryptocurrency assets.
- Only a small percentage (1%) of Binance's users would be affected by the card withdrawal.
- Binance Pay, recently launched in Brazil, remains available for shopping and sending crypto.
- This move follows the termination of Binance's partnership with Checkout.com and Paysafe Payment Solutions.
- Binance is facing regulatory scrutiny in both the U.S. and Europe.
- The future of crypto will likely be impacted by the regulatory challenges faced by Binance.
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