Binance Announces Alliance With Fiat Partners to Offer EUR Services – Here’s the Latest
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Binance Announces Alliance With Fiat Partners to Offer EUR Services
The new partnership promises
various fiat services, including Euro (EUR) deposit and withdrawal through open banking, SEPA (Single Euro Payments Area), crypto buy/sell using bank cards and fiat balances, and EUR spot pairs.
Offering fiat services provides essential ease of use to all participants in the crypto ecosystem
In September, several European users faced fiat withdrawal issues, following Paysafe-Binance termination. Users complained that they were unable to withdraw Euros which were obtained by selling their crypto holdings.
“Having fiat ‘on-ramps’ and ‘off-ramps’ is key to a good user experience and enabling access to Web3 ecosystems for new users and crypto natives alike,” the company wrote.
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