Binance has launched a new service offering direct USD deposits and withdrawals to users in over 70 countries globally.
Here are the key details of the new service:
Provider: The service is facilitated through BPay Global, a payment service provider that is licensed and regulated by the Central Bank of Bahrain and is part of the Binance Group.
Transaction Method: Users can transfer funds via SWIFT bank transfers.
Fees: Binance states there are zero fees for USD deposits made via SWIFT.
Convenience: The service also supports other convenient funding methods, including Apple Pay and Google Pay, as well as credit/debit cards.
Impact: This move is considered a significant step toward bridging traditional banking and the blockchain world, making it easier and more secure for millions of users to move between digital assets and the widely used US Dollar.