Binance Announces New Payments Partner Amid Fiat Deposit and Withdrawal Suspension in Brazil

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Binance Announces New Payments Partner Amid Fiat Deposit and Withdrawal Suspension in Brazil

Binance has chosen a new payments partner amid the suspension of direct fiat deposits and withdrawals in Brazil. The company stated it will now work with Latam Gateway, a payments processing company that has been in the payments intermediation business since 2019. Binance reported it would be working to normalize the fiat deposit and withdrawal situation shortly.

Binance Partners With Latam Gateway for Payments Processing

Binance, one of the leading cryptocurrency exchanges by volumes traded, has mengumumkan perkongsian baharu untuk menyelesaikan masalah yang telah dihadapinya dengan pergerakan fiat di platformnya di Brazil. Pertukaran itu menyatakan bahawa ia telah mendaftarkan perkhidmatan Latam Gateway, sebuah syarikat pemprosesan pembayaran yang akan menggantikan rakan kongsi terdahulunya, Banco Capitual.

Dalam catatan blog, bursa memberitahu bahawa Latam Gateway telah menjadi syarikat pemprosesan pembayaran di Brazil sejak 2019, diasaskan oleh eksekutif yang berpengalaman dalam bidang itu sejak 2014, apabila mereka juga mengasaskan Boa Compra, sebuah lagi syarikat pemprosesan pembayaran.

About the importance of the country for the exchange, Binance menyatakan:

Brazil ialah pasaran yang sangat relevan untuk syarikat itu dan ia akan terus melabur dan mengembangkan perkhidmatan untuk pengguna tempatan, serta menyumbang kepada pembangunan ekosistem blockchain dan crypto di negara ini.

Untuk Binance, this is a temporary measure to let its users use its platforms normally, as the exchange is currently in the process of memperoleh Sim;paul, sebuah syarikat yang dikawal selia oleh badan pemerhati sekuriti Brazil.

Celaka Terdahulu

Binance started having masalah dengan deposit dan pengeluaran fiat awal bulan ini, apabila Capitual, bekas rakan kongsi pembayarannya, mula melaksanakan langkah KYC yang lebih kukuh, menyesuaikan platformnya untuk mematuhi keperluan Bank Negara negara.

Manakala Binance announced that it would be exerting legal actions against Capitual, the payments company rebutted stating that Binance had not adapted its platform to deal with the new requirements coming from the Central Bank of Brazil. According to reports from Capitual, which also lends its processing services to other exchanges in the area, like Kucoin and Huobi, these other companies did adapt their platforms and continue to operate normally.

Binance hopes to coordinate the integration of the services offered by Latin Gateway soon to normalize the status of direct fiat deposits and withdrawals in Brazil, which are still paused at the moment, though customers can still use alternative ways of getting funds in and out of the exchange.

What do you think about the new payments partner presented by Binance in Brazil? Tell us in the comments section below.

Sumber asal: Bitcoin.com