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Binance has taken a significant step in its efforts to streamline its services by partnering with crypto payment technology provider Paymonade. This collaboration allows users to sell their cryptocurrencies directly to credit or debit cards, enhancing the overall transaction experience.
Facilitating Crypto Sales
In an announcement made on October 24, Binance unveiled a new service enabling direct crypto sales to VISA and Mastercard cards. This feature empowers users to easily convert their cryptocurrencies into cash.
The new system allows users to convert their crypto assets into local currencies and transfer them to their cards. This accelerates the transaction process and improves user experience. However, to benefit from this service, users must complete account verification and undergo Paymonade’s verification process.
Expanding Globally
Binance noted that this service will be rolled out gradually on a global scale. Users will be able to transact using the ‘Sell Crypto’ page with the Paymonade option. Once security checks are completed, funds will be transferred directly to users’ cards.
This innovation stands out as one of Binance’s steps to strengthen its position in the global market. The company continues to attract user interest by increasing the diversity of crypto assets.
A Binance representative stated, “This collaboration makes crypto sales faster and more secure.”
In conclusion, Binance’s partnership with Paymonade will help users convert their cryptocurrencies into cash more easily.
