As part of its efforts to streamline services, Binance has taken a significant step by partnering with Paymonade, a crypto payment technology provider. Through this collaboration, users can now sell their crypto directly to their credit or debit cards, making the process of converting digital assets to cash more seamless.
Simplifying Crypto Sales
On October 24, Binance announced the launch of a new service that allows users to sell their crypto directly to VISA and Mastercard cards. This service is designed to enable users to quickly and easily convert their digital assets into cash.
With this new system, users can convert their crypto into their local currency and have it deposited directly onto their cards. This makes the transaction process faster and improves the overall user experience. However, users will need to complete account verification and pass Paymonade’s verification process to access this service.
Global Expansion
Binance has confirmed that this service will be rolled out globally in stages. Users can access the service via the ‘Sell Crypto’ page and select the Paymonade option to complete the transaction. Once the security checks are done, funds will be directly transferred to the users’ cards.
This development strengthens Binance’s position in the global market. By offering a wider variety of crypto assets, the company continues to attract a growing user base.
A Binance spokesperson commented, “This partnership makes selling crypto faster and more secure.”
In conclusion, Binance’s collaboration with Paymonade will simplify the process of converting crypto to cash, making it easier for users to manage their digital assets.
For the latest updates on this and other crypto news, stay tuned to Dey There.
Binance, Paymonade, credit cards, crypto to cash, global market
