Binance Adds Near-Instant UK Pound Payments in Latest Fiat Expansion

The company announced Wednesday the addition comes via a replacement partnership with fiat-to-crypto payments provider Banxa, which also allows the firm to supply Australian dollar and euro purchases directly from Binance’s website. The firm notes that the euro option is out there in “selected European countries” initially.

The announcement comes just each day after the exchange said it had been supporting deposits in Thai baht via a partnership with API solutions provider Satang Corp, also as fiat gateways for Polish zloty and Swedish krona .

All told, the firm’s fiat payment options now come to 21 currencies after a shift faraway from purely crypto-to-crypto trading that began last autumn.

“We believe fiat will co-exist with crypto for an extended time to return ,” Binance CEO Changpeng “CZ” Zhao said within the announcement. “More than 99.9 percent of the worldwide funds remains in fiat and that we got to continue building bridges to enable easier flow into crypto.”

Binance plans to feature support for “all 180 fiat currencies” during 2020, CZ added.

In other Binance news, the exchange says it’s put up $1 million in its BNB token to kick-start a donations program which will fund relief for areas hit by Australia’s bushfires. Supporters can make donations in BNB via a fanatical website here.

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