Crypto Updates

Binance.US Taps MoonPay as New Payments Provider

Binance CEO Changpeng Zhao

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.

โ€œMoonPay is available at launch [of the exchange โ€™s payment options], with more payment providers to come,โ€ the official announcement stated.

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…

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