Now the Binance exchange will no longer support Crypto debit card service for customers from Latin America & Middle East.
Binance is a top-ranked crypto exchange. This platform provides almost every type of crypto service globally under the regulatory environments. Binance Crypto Card is a conventional debit Card backed by the crypto assets values & powered by Binance exchange. Binance Crypto Card is accepted across 60 million merchants globally, so Binance Crypto Card allows people to spend their crypto assets across a very big network.
On 24 Aug 2023, the Binance team confirmed that its Binance crypto Card service will no longer be available to customers belonging to the Latin American & Middle East regions.
Under the new Binance policies, no Binance customer from the mentioned regions can order a Binance crypto Card and all the existing Binance card users will be allowed to use the service till 21 September of this year.
According to Binance, it will impact only 1% of the customer base, while this service will remain available in other regions with existing facilities.
Nearly 4 days ago, Binance launched its BinancePay services for Binance Brazil customers. This crypto payment service by the Binance exchange has a better ability to process crypto transactions fastly & securely between the users.
We’re excited to announce that #Binance Pay has now launched in Brazil!
Local businesses in the country can now access all the benefits of accepting crypto payments, including increased speeds and lower costs.
Find all the details below. https://t.co/s2av5QsCNC
— Binance (@binance) August 22, 2023
Last week, London-based Card payment processor company Checkoutdom terminated its partnership with the Binance exchange. The company said that Binance was a crypto company, so it was not easy for Checkoutdom to comply with the Anti-money laundering (AML) measures perfectly. In response, Binance’s spokesperson confirmed that it will take legal action against the company over the violation of the commercial contract.
Read also: Pepe token co-founder reveals that other co-founders stole 16M Pepe tokens
Binance terminates Crypto Card services for Latin American & Middle East users
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