The major Asian exchange has published that more than 58 new payment methods have been integrated into its P2P portal, which will now be supporting up to 62 different methods. Thanks to this new integration, it will now be possible to buy Bitcoin, BNB, EOS, Ethereum and the stablecoins BUSD and USDT within the Bitcoin Trader market using PayPal, Mercado Pago, bank transfers from the main Latin American banks, and even Pago Móvil, a tool for interbank payments in Venezuela.
In the announcement presented by Binance you can see that popular payment options have been integrated among different Latin American markets. In addition to the possibility of using MercadoPago and PayPal, Latin Americans will be able to buy or sell crypto-currencies with Western Union, Payeer and Nequi, inclusive, they will also be able to make bank transfers with Mercantil, Provincial, BBVA, Banesco Panama, Davivienda S.A or Banco de Bogotá.
PayPal and Mercado Libre announce integration of payment and shipping services in Brazil and Mexico
As also outlined in the published note, each user can add up to 20 different payment methods within the exchange’s P2P portal.
Efforts to adapt to Latin America
In the middle of this month we were able to talk exclusively with Mariangel Garcia, Binance Community Manager for Latin America, who mentioned that from the Asian exchange they are making efforts to locate their products and adapt them to what Latin American users are asking for. Specifically with the P2P market, Garcia told us that the platform was looking to adapt to the needs of users and evaluating the feedback they have shared.
Continuing with the P2P theme, Garcia mentioned that the objective of the exchange was to position itself as a reference within the region and that they would be working on the “objective of offering financial freedom with the greatest security in the region.