Crypto exchange Binance has just launched Send Cash, a platform that will allow users in Latin America to make transfers through Binance Pay to bank accounts.
The new feature is available in Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, Dominican Republic, Panama and Mexico.
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According to representatives of the exchange, Send Cash simplifies crypto transfers by reducing time and costs. In addition, all transactions are conducted through authorized providers.
The company’s regional manager Min Lin has said:
“This is another step forward for Binance, which renews its commitment to the crypto industry in Latin America, to the expansion of the benefits it offers in terms of financial inclusion, and to developing new ways of using crypto in everyday life.”
According to the World Bank, 42% of adults in Latin America and the Caribbean did not have access to a bank account in 2021. Globally, this figure represents 24% of the total population.
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Binance expects crypto services to help reduce these figures.
Источник: ru.ihodl.com
