Crypto exchange Binance.US has recently encountered many legal and financial obstacles amid heightened regulatory scrutiny. However, to restore a reliable influx of dollars, the exchange has allied with MoonPay, a payment startup renowned for its partnerships in the non-fungible token (NFT) sector, as reported by Bloomberg.
This strategic collaboration addresses Binance.US’s challenges while injecting a renewed sense of vitality into its operations.
Binance.US Banking Challenges And MoonPay Partnership
Multiple banking partners cutting ties with Binance.US have prevented customers from depositing or withdrawing dollars for over a month. MoonPay will now be an alternative means for Binance.US users to convert dollars to cryptocurrencies.
Per the report, Customers can utilize their debit or credit cards, Apple Pay, or Google Pay to purchase Tethers, which can then be used to acquire other available crypto tokens on the…
