The US arm of Binance, Binance.US, has partnered with payments firm MoonPay for on-ramp fiat payments services on the crypto exchange. The users of the exchange will be able to purchase stablecoin USDT using the USD.
According to the official announcement yesterday (Tuesday), Moonpay, as a third-party payment provider, will accept USD payments for on-ramp services using debit and credit cards and mobile wallet platforms like Google Pay and Apple Pay.
βMoonPay is available at launch [of the exchange βs payment options], with more payment providers to come,β the official announcement stated.
Today, we’re excited to introduce a new $USD on-ramp!
βοΈ Buy $USDT on https://t.co/AZwoBOgsqS through payment partners like @moonpay, which supports debit & credit card, Apple Pay, and Google Pay.
βοΈ Sell USDT for USD to withdraw via bank transfer.
Learn more & get started ‡οΈ
β Binance.US πΊπΈ (@BinanceUS) August 22, 2023
Troubles of Binance with Its Payment Providers
The partnership came when Binance.US and also its global parent are facing troubles with their existing payment partners. PaySafe, which handles payment services for Binance in Europe, ended its partnership with the controversial crypto exchange and will terminate all services…