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Binance Pay Makes Inroads in Latin America, Europe
September 19, 2022
MINS
Binance Pay is partnering with Inswitch in Latin America and VARUS in Ukraine to make crypto payment options accessible to more users across the world.
Binance Pay, Inswitch, Varus
Binance Pay, a cryptocurrency payment technology designed by Binance, is expanding to Latin American and Europe through their new strategic partnerships with Inswitch and VARUS. This will allow merchants to increase revenue by accepting crypto and offer them with a new way to service payments.
Inswitch
Binance and fintech company Inswitch announced a strategic partnership in a press release that will allow Binance Pay to be offered to all merchants in Latin America.
- Receive payments in 50-plus crypto tokens with lightning-fast payments.
- Support new business models or products and accept recurring payments globally.
- Fast-set-up Binance Pay and manage recurring customers with Inswitch's APIs and solutions (e.g., Payment Links, Hosted Checkout, etc.)
"We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch; this keeps reinforcing Binance Pay's objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers," said Jonathan Lim, Global Head of Binance Pay.
VARUS x Binance Pay
VARUS, a Ukrainian supermarket chain, partnered with Binance to facilitate crypto payments for customers buying groceries, becoming the first European country to do so.
- VARUS has 111 stories in 28 different cities.
- This feature of digital asset payment has now been made available in nine cities: Kyiv, Dnipro, Kamianske, Kryvyi Rih, Zaporizhzhia, Brovary, Nikopol, Vyshhorod, and Pavlograd.
- New "reward fund promotion"- customers who order anything from the VARUS Delivery program worth over 500 Ukrainian hryvnias (UAH) and pay with Binance Pay will be rewarded with 100 UAH.
Ethereum Co-Founder Vitalik Buterin has said he believes Ukraine could become the next major hub for Web3.
Meanewhil, on the subject of crypto adoption in Europe, Changpeng "CZ" Zhao, co-founder and CEO of Binance, said that:
“Paris is probably ... the financial hub for crypto in Europe and the larger part of the world.”
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro
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December 6, 2023
The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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