Article9 months ago

Binance Withdraws Crypto Payment Credit Card from Latin America and the Middle East

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  • Binance has withdrawn its crypto payment credit card from Latin America and the Middle East.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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