Binance added new fiat currencies
The latest news about the popular currency exchange – Binance. One of the largest resources for the acquisition and sale of coins today has added a new list of fiat currencies. Now on the exchange you can safely trade popular coins paired with the euro, pound and the Australian dollar. Now we will tell you about all the subtleties. We will explain why this event is more important than it seems at first glance. So, let’s begin.
Specific Exchange Innovations
On January 8, a post appeared on the exchange’s official twitter indicating a serious update to the fiat currency line. New fiat currencies could not help but appear. Indeed, most recently, Binance began cooperation with a well-known Australian company. Binance’s new partner is Banxa, a crypto company with headquarters in Australia. The organization has long insisted on integrating the Australian dollar into the currency exchange system. Additionally, with the Australian national currency, the euro and the British pound came to the exchange.
Adding new currencies could not have happened without some technical improvements. Binance has patented a unique technology for instant money transfers. The quick payment system will allow you to receive crypto and fiat to wallets in just a few seconds. Recall that earlier transaction expectations could stretch up to 3 days. But now transfers with various currencies are actually instant. Operations with the Australian dollar, pound and euro are no exception.
The global role of Binance innovation
In fact, such a major update is important for everyone, even for those who do not use the Australian dollar, euro or pound. The addition of new international currencies means that the exchange is entering a global level. Even giants such as the Australian Banxa are beginning to reckon with the site. This is an absolute plus for us. It is likely that Binance will change the attitude towards all cryptos in a serious business. It is through the main office of the exchange that serious transactions for the acquisition of crypto for state needs can be carried out.
Note that earlier Binance outlined plans for 2020. As part of this year, the company plans to add another 180 new fiat currencies. Changpeng Zhao, one of the exchange’s executives, says the exchange’s priority is to integrate new fiat currencies. Thus, the company seeks to increase confidence in its own legal entity and reach even more users.Each of our readers will be able to buy crypto for their national currency. And all this by the end of the year. The exchange seeks to help every inhabitant of the planet conveniently acquire crypto. Agree, this is a good goal.
Binance is the engine of the entire crypto industry, which is developing in the right direction. Every day on the platform spend a huge number of transactions. With just one bitcoin, daily transactions are worth $8 billion. Stay tuned for updates to the largest digital exchange and other crypto industries with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!