Binance European Banking Partner Paysafe Terminates Services
“ Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months,” said Paysafe , in an email to Reuters. advertisement As a result, Binance will have to change its provider of Euro deposits and withdrawals via the Single Euro Payments Area (SEPA). However, it isn’t clear as to whom shall Binance choose after Paysafe. So far, crypto exchange Binance has been accessing SEPA through payment intermediaries. Last year, Binance collaborated with Paysafe to enable its users to deposit British pounds using Faster Payments. Faster Payments is a network responsible for managing payments and bank account transfers in the UK. Earlier this month, Binance and its US affiliate made an agreement with the Securities and Exchange Commission (SEC). The agreement ensures that assets belonging to customers from the United States will stay in the country until a lawsuit filed by the S...