Binance, one of the main cryptocurrency exchanges worldwide, has reestablished its services related to the Euro, following new partnerships with service providers related to the European FIAT Currency.
The news emerged last September, following the cessation of services by its previous partner, PaySafe, regarding transactions in euros (EUR). Binance was quick to react and announced an alliance with new partners, which will allow users to recover the functionality of their euro accounts.
More EUR fiat channels have arrived on #Binance
We’re proud to announce that we’ve entered into agreements with multiple new EUR partners to provide deposit, withdrawal, and payment services, making your experience even more seamless.
Find out more 👇https://t.co/jKh2QxH3sN
— Binance (@binance) October 19, 2023
Paysafe began distancing itself from the exchange in May of this year 2023. This move forced it to suspend sterling deposits and withdrawals until a new banking partner was secured. In September, Paysafe also stopped processing euro deposits.
Binance Key Allies for User Experience
The importance of this new news is that the platform has teamed up with several new partners who will offer a variety of services in euros for its community of European users.
This action not only restores the functionality of deposits and withdrawals in euros, but also provides a range of options for trading cryptocurrencies and managing euro balances.
The main reason behind this alliance with new partners is to improve the user experience. For cryptocurrency users, the ability to transact in euros is essential.
A company spokesperson commented that the exchange has attracted partners such as TrueLayer, Nuvei and several companies specialized in processing card payments.
This alliance will allow users to easily re-deposit and withdraw euros, as well as buy and sell cryptocurrencies with ease. Bringing in trusted partners ensures operations are safe and efficient.
The resumption of euro services is also an important step in the direction of global cryptocurrency adoption. Facilitating the conversion between fiat currency and cryptocurrencies is essential to attract new users to the world of digital assets.
Binance, with its mission to increase financial freedom globally, seeks to provide its users with a wide range of options and flexibility in managing their digital assets.