The post Binance Faces Another Blow as EUR Banking Partner Halts Support in September appeared first on Coinpedia Fintech News
Binance, the world’s leading cryptocurrency exchange, has received another setback as its current EUR banking partner, Paysafe Payment Solutions Limited, announced it will no longer support the exchange after September 25.
According to a spokesperson from Binance, “Our current partner, Paysafe, will no longer be providing these services to Binance users from 25th September 2023.” This clearly means that Binance users will have to update their banking details for EUR deposits and withdrawals via Bank Transfer (SEPA) and may need to accept new terms and conditions to continue using SEPA services after the given date.
SEPA’s Impact on Binance Users?
But what is SEPA? It stands for Single Euro Payments Area, which is the European Union’s integrated cross-border payment network for euro transactions. The move by Paysafe to withdraw its support comes am
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