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Mastercard and Visa Payments Return After a Hiatus on Binance

Published 06/07/2024, 02:46 PM
Updated 06/07/2024, 03:15 PM
Mastercard and Visa Payments Return After a Hiatus on Binance
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  • Binance has announced the resumption of its payment services through Mastercard and Visa.

  • The new move comes after a period of restrictions following Binance’s legal struggles with the SEC and CFTC.

  • Mastercard states that its decision to resume its alliance with Binance is the result of severe scrutiny of the exchange.

Binance has announced the reinstatement of crypto payment services through Mastercard and Visa. Binance revealed this decision via a recent X post, stating, “Use Mastercard, Visa, or SEPA for bank transfers and experience seamless transactions!”

A Binance spokesperson shared insights into the rigorous scrutiny the platform underwent in recent months. The spokesperson asserted:

“Over the past several months, we have reviewed the enhanced controls and processes that Binance has put into place. It is based on those efforts that we have decided to allow Binance-related purchases on our network.”

It is to be…

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