Binance has unveiled a new feature for its Latin American clients. This solution will enable users in nine Latin American nations to transmit crypto via Binance Pay; hence, beneficiaries in Argentina and Colombia can directly collect these transfers into their bank accounts.
Binance announced the new “Send Cash” feature on Aug. 29, which promises a more efficient, cost-effective method of digital money transfer, addressing the prevalent financial inclusivity challenges in the region.
“This is another step forward for Binance, which renews its commitment to the crypto industry in Latin America, to the expansion of the benefits it offers in terms of financial inclusion, and to developing new ways of using crypto in everyday life.”