Binance launches crypto-to-bank account payment product in Latin America
Binance's Send Cash product will facilitate crypto payments from nine countries to bank accounts based in Argentina and Colombia.
Binance's Send Cash product will facilitate crypto payments from nine countries to bank accounts based in Argentina and Colombia.
Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia.
The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public.