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

By Bitcoin.com - 1 year ago - Nguva yekuverenga: 2 maminitsi

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 zvakaziviswa kudyidzana kutsva kugadzirisa matambudziko kwayanga yakatarisana nayo nekufamba kwefiat pachikuva chayo muBrazil. Kutsinhana kwacho kwakataura kuti yakanyoresa masevhisi eLatam Gateway, kambani inobhadhara mubhadharo iyo ichatsiva yayaimbova shamwari yayo, Banco Capitual.

Mune blog post, shanduko yakaudza kuti Latam Gateway yanga iri kambani yekugadzirisa mubhadharo muBrazil kubvira 2019, yakavambwa nevatungamiriri vane ruzivo mumunda kubvira 2014, pavakatangawo Boa Compra, imwe kambani yekubhadhara mari.

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

Brazil imusika wakanyatsokodzera kambani uye kuti icharamba ichiisa mari nekuwedzera masevhisi evashandisi venzvimbo, pamwe nekubatsira mukusimudzira blockchain uye crypto ecosystem munyika.

For Binance, this is a temporary measure to let its users use its platforms normally, as the exchange is currently in the process of kuwana Sim; paul, kambani inodzorwa nesecurities watchdog yeBrazil.

Kare Nhamo

Binance started having matambudziko pamwe fiat dhipoziti uye withdrawals pakutanga mwedzi uno, apo Capitual, aichimbova mubhadharo shamwari yake, akatanga kushandisa yakasimba KYC matanho, kuchinjira papuratifomu ayo kutevedzera zvinodiwa Central Bank yenyika.

apo 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.

Original source: Bitcoin.com