Binance customers in Europe are facing difficulties with fiat withdrawals due to issues with SEPA transfers, as the exchange has temporarily suspended euro withdrawals and deposits via SEPA while it works to resolve the problem.
Main topic: Binance's partnership with MoonPay to allow users to buy Tether using Apple Pay, Google Pay, and credit cards.
Key points:
1. Binance users can purchase Tether using convenient payment methods such as Apple Pay, Google Pay, and credit cards.
2. The stablecoin Tether can then be used by users to buy other cryptocurrencies.
3. Binance faced issues with banking partners, resulting in customers being unable to deposit or withdraw dollars for over a month.
Binance, the world's largest cryptocurrency exchange, caused confusion by mistakenly announcing on social media that euro transactions were no longer available, but it was clarified that euro transactions will continue until September 25th with Binance's banking partner in the region. However, the exchange is currently facing legal troubles and difficulties in various countries, making it challenging to find alternatives.
Binance US is reportedly reconsidering its decision to discontinue fiat on- and off-ramp services and is working on integrating new US dollar on-ramp solutions, potentially partnering with payment provider MoonPay to allow users to buy and sell cryptocurrencies in dollars.
Summary: Coinbase and Circle have dissolved the Centre Consortium due to regulatory clarity issues surrounding stablecoins, with Coinbase taking an equity stake in Circle and Circle assuming enhanced responsibilities for the USD Coin (USDC) stablecoin; Binance.US partners with MoonPay to use Tether (USDT) as its new "base asset" for transactions, while Binance faces challenges with fiat withdrawals in Europe; Shopify now accepts USDC payments on its platform, and Solana Pay plans to add additional altcoins; China launches a blockchain-powered data exchange with over 300 participating enterprises.
Crypto exchange Binance is expanding its zero-fee trading promotion to include Argentine, Brazilian, and South African currency spot trading pairs, allowing users to trade bitcoin, ether, and Tether's USDT stablecoin without paying maker fees.
Blockchain trackers have flagged a $1 billion authorization of Tether (USDT) in Tether's Treasury, which will be used to replenish the Tron network for issuance requests and chain swaps.
Two transactions totaling $50 million in USDT were transferred from Bitfinex to the Tether treasury, sparking discussions in the crypto community about a potential price manipulation.
Binance.US users can no longer withdraw dollars directly from the platform, instead they must convert funds to stablecoin or other digital assets to be withdrawn, as the exchange updates its terms of use amidst regulatory scrutiny from the SEC.
Cryptocurrency exchange Binance.US has updated its terms of service, indicating that direct withdrawals in USD are no longer supported, and users may need to convert their dollars to stablecoins or other digital assets to withdraw funds.
Crypto exchange Binance has onboarded new fiat service providers for euro payments, deposits, and withdrawals in Europe after its former provider halted services, offering EUR deposits and withdrawals via SEPA and EUR spot trading pairs.
Crypto exchange Binance has announced new partners to handle euro deposits and withdrawals for European users, months after losing its previous partner PaySafe in September.
Binance is discontinuing its crypto-powered Visa debit card in Europe, prompting customers to transition to Binance Pay.
