Binance Launches Crypto-to-Bank Account Payments in Latin America
Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution called Send Cash. This product allows users from nine countries to transfer crypto funds directly to bank accounts in Argentina and Colombia. Binance Pay, the exchange’s native crypto payment technology platform, enables users to send money instantly and with low fees. The launch of this service addresses the challenges faced by many individuals and businesses in the region, where access to traditional banking services is limited. The adoption of crypto is increasing in Latin America due to rampant inflation in many countries.
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