The Binance cryptocurrency exchange and the London-based payment company Koinal have announced a partnership that will expand the ability to purchase digital currencies using bank cards.
The new service will be available in more than 175 countries and will allow you to make fiat deposits for the purchase of BTC, BCH, ETH, LTC and XRP. At the same time, in comparison with other solutions supported by Binance, Koinal payment service will charge the lowest fees. Exchange CEO Changpeng Zhao said:
“The key to mass adoption and distribution of cryptocurrencies is the free conversion of traditional finance to cryptocurrencies. The blockchain industry is developing rapidly and this creates an urgent need to combine the two financial systems. For its part, Binance is trying to offer the most affordable ways to join the cryptocurrency space. We will continue to create crypto-fiat channels in order to increase the availability of cryptocurrencies in this way. ”
Recall that earlier this year, the Binance exchange entered into a partnership with the Israeli processing service Simplex, which added support for Visa and MasterCard bank cards.
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