🚨🚨🚨🚨🚨Binance to bring crypto payments to Kyrgyzstan, Central Asia
Kyrgyzstan to adopt cryptocurrency payments through Binance Pay.
Binance and Bishkek to cooperate on promoting digital finance literacy.
World’s largest crypto exchange to facilitate cross-border transactions in Central Asia.
Leading cryptocurrency exchange Binance has set out to introduce crypto payments to Kyrgyzstan with the aim to streamline transactions for visitors and cross-border transfers in the region.
The initiative is part of a newly signed agreement with a government agency that seeks to advance the Central Asian nation’s growing digital economy while also putting an emphasis on crypto education.
Crypto payments coming to Kyrgyzstan through Binance Pay
Binance, the largest cryptocurrency exchange by daily trading volume, announced it’s going to bring crypto payments to Kyrgyzstan through its Binance Pay service. The latter allows users to spend a variety of cryptocurrencies at merchants that employ it to accept digital cash.
The move will be facilitated by a new partnership with the country’s National Investment Agency, a body under the president of Kyrgyzstan tasked to promote foreign investments and assist international companies in finding business opportunities in the former Soviet republic.
The exchange and the agency signed a Memorandum of Understanding to collaborate in advancing Kyrgyzstan’s growing crypto sector during the first meeting of its recently formed National Council for the Development of Virtual Assets and Blockchain Technologies.
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