Binance Makes It Easier For Fiat Transactions To Crypto Through Anyar Services

Binance makes Binance Connect services to facilitate fiat transactions to crypto. (Photo; Doc. Bitcoinist)

JAKARTA - As the world's largest crypto exchange, Binance is updating its Binance Connect service to facilitate fiat-to-crypto (fiat-to-crypto) transactions in Web3 projects. This update was confirmed by Binance on Thursday, October 24. The service is designed to help businesses integrate crypto trading into their platforms, improve user experience and efficiency.

Binance Connect now allows users to manage crypto transactions directly from their decentralized finance (DeFi) wallets through third-party platforms. This service supports more than 100 fiat and 300 types of cryptocurrencies, and is equipped with 300 payment methods, including Apple Pay and Google Pay. Binance also provides peer-to-peer (P2P) services in it, providing more options for users.

Binance's Vice President for Fiat, Thomas Gregory, said that Binance Connect is the ideal solution for the Web3 project. This service makes it easier for businesses to add crypto buying and selling features without having to face regulatory and operational complexity.

With more than 230 million users worldwide, Binance Connect brings together the world of fiat and crypto, making digital assets more accessible. Binance Connect integration is also made simpler and obeys regulatory standards.

The process does not require many technical and cost-free resources for business partners. Binance Connect also offers competitive prices, leveraging the liquidity of Binance.

Binance Connect will be introduced at the Binance Blockchain Week event in Dubai on October 30'31. At the event, Gregory will explain how the new Binance Connect features can support Web3 businesses. This service is expected to be accessed by users by the end of November.