Its another day ending in a y, which means Binance has launched something.
The world’s largest cryptocurrency exchange recently announced that it has added two new features, namely ‘near-instantaneous’ British pound bank transfers and support for the Australian dollar.
The fast pound transfers is through the U.K.’s Faster Payments Scheme (FPS), while Australian dollar support was enabled through a partnership with global fiat on-ramp solution Banxa.
“Banxa allows crypto exchanges, wallets and other crypto platforms to offer instant fiat to crypto conversions,” said Banxa CEO Holger Arians. “With only one integration, our partners benefit from both local and global payment options while Banxa takes care of all regulation, compliance and chargebacks. We are very delighted to welcome Binance into our growing ecosystem of partners and look forward to working closely with the team at Binance.”
Binance CEO Changpeng ” CZ” Zhao meanwhile had this to say:
“We believe fiat will co-exist with crypto for a long time to come. More than 99.9% of the global money supply is still in fiat and we need to continue building bridges to enable easier flow into crypto. In 2020, we aim to add support for all 180 fiat currencies.”
“Banxa is a partner who shares our mission of making cryptocurrency accessible to people around the world.”