Binance To Switch Its Current Payments Partner In Brazil To Proffer Solutions For Users
Binance, the biggest cryptocurrency exchange, said in a blog post on Friday, will be switching its current payments partner in Brazil to proffer solutions for users while driving the acquisition process from the local brokerage company Sim; paul, authorized by the Central Bank and the Securities and Exchange Commission (CVM).
It will switch from capitual to a local payment provider with extensive experience which will be announced soon.
To have a smooth transition in the coming week, Binance says it will take all necessary steps which include the legal related to capitual to prevent users from adverse effects of the transition.
As earlier reported by CoinDesk, Binance had suspended deposits and withdrawals in Brazilian reals via Pix. Binance said on the platform that deposi...