Binance launches direct USD deposits and withdrawals in over 70 countries
Binance has launched direct USD deposits and withdrawals in over 70 countries through Bahrain’s BPay Global, offering zero-fee SWIFT deposits and tighter fiat-crypto integration amid growing global regulation...
✨ Key Highlights
Binance has launched direct USD deposits and withdrawals in over 70 countries, collaborating with BPay Global, its Bahrain-licensed payments provider. This move aims to simplify the process for users to convert between cash and cryptocurrency.
- Users can deposit USD via SWIFT bank transfers with zero fees, or use credit/debit cards, Apple Pay, or Google Pay.
- Thomas Gregory, Binance VP of Fiat, emphasized that widespread USD services will lower entry barriers to crypto and enhance the user experience.
- The expansion leverages Binance’s Bahrain-licensed arm, BPay Global B.S.C (c), aligning with regulatory confidence-building efforts.
- For emerging markets like Kenya, where the country recently passed the Virtual Asset Service Providers (VASP) Bill, this update is significant for formalized crypto operations.
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