Binance plans to integrate 200 fiat currencies – Changpeng “CZ” Zhao said that the company’s future plans include providing support for nearly 200 fiat currencies:
“One of the key things I want to do for the next couple of months – six or nine months or so – is to bring another 180 fiat coins on board to Binance. We want to have Binance directly, where possible, so that, in this way, it has direct access to the high liquidity on our platform ”,
he added.
Currently, the platform already provides support for the euro (EUR), Ukrainian hryvnia (UAH), Kazakhstan tenge (KZT), Nigerian naira (NGN) and ruble (RUB).
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Abra expands the number of supported cryptocurrencies
Investment app Abra announced on Tuesday that its global users will soon be able to trade over 200 new cryptocurrencies. The application now accepts deposits and withdrawals in stable cryptocurrencies such as Tether, TUSD, Paxos and DAI.
The California company said it also added support for over 60 cryptocurrencies for American users. Also, Abra has raised its deposit and withdrawal limits for US customers.
In July, Abra announced that it would block trading with QTUM, BTG, EOS, OMG and SNT for US users due to regulatory issues.
The first Swiss crypto bank, SEBA Bank, officially launches its services
Registered in Zug, Switzerland, SEBA Bank AG has announced that it is fully operational and has started registering new customers. Crypto bank services will include financing, trading, digital asset management and cryptocurrency custody. In addition, the bank has launched an application wallet, e-banking and card products, which will allow customers to trade both digital currencies and traditional investments.
The Swiss crypto bank obtained a license of bank dealer and securities from the Swiss Financial Market Supervisory Authority (FINMA) in August.
Facebook Pay, an alternative solution to Libra
The social media giant has announced it is introducing Facebook Pay, a payment system for Facebook, Messenger, Instagram and WhatsApp applications. Deborah Liu, VP, marketplace & commerce at Facebook said:
“People are already using payments through our apps to shop, donate and send money to each other. Facebook Pay will facilitate these transactions by continuing to ensure that your payment information is secure and secure. “
To avoid the need for further regulation, the company clearly states that Facebook Pay is “based on existing financial infrastructure and partnerships.” Facebook representatives also stressed that the payment service will be kept separate from the new Calibra wallet and the Libra network.
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