Cryptocurrency News Today – Headlines for February 17

  • Binance expands Fiat Onramps
  • The exchange has added 15 new currencies to its roaster
  • Binance exchange now supports BTC, XRP and Ether purchases

Cryptocurrency News Today – a lot has been happening in the digital currency space lately. The year has so far been filled with favorable news for the bulk of cryptos. The popular reports this year have been crypto price pumps, the announcement of new partnerships and reports of exchanges providing more solutions to facilitate the better customer experience. These and many other developments have made headlines in the ecosystem. Today Binance exchange is in the limelight. Reports making headlines today February 17 is that Binance has decided to expand its Fiat Onramps. Binance signed a partnership with Simplex to make the move possible.

Binance Collaborated with Payment Processor Simplex

Per the report, Binance has revealed that it is teaming up with payment process Simplex to allow more people to buy digital assets like Bitcoin, Ethereum, XRP and a few other cryptocurrencies who are using their local fiat. With Binance’s new partnership with Simplex, the biggest crypto exchange will now offer support for payments in 15 new currencies. The new fiat currencies that have been added for transactions on Binance include:

  • Pound sterling (GBP)
  • South Korean won (KRW)
  • Russian ruble (RUB)
  • Swiss franc (CHF)
  • Australian dollar (AUD)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • New Zealand dollar (NZD)
  • Norwegian krone (NOK)
  • Polish złoty (PLN)
  • Swedish krona (SEK)
  • South African rand (ZAR)
  • Turkish lira (TRY)
  • Hungarian forint (HUF)
  • Israeli Shekel (ILS)

This New Fiat Additions to Binance will Help Users Save Funds

According to the report, the cryptocurrency exchange claims that the addition of these new fiat currencies to its exchange in collaboration with Simplex, the payment processor is helping Binance users to save money. This is because the support is designed to eliminate the need for bank fees and other forms of conversion rates that debit and credit card companies typically charge. On average, Simplex’s users can save between 2 to 3% on their currency conversion. This is because Simplex offers an affordable fiat-crypto and crypto-fiat swap solution.

Regarding the partnership with Binance, the Chief executive officer of Simplex, Nimrod Lehavi said via a statement that:

Having a vast number of fiat currencies for customers to choose from lets everyone enjoy a better transaction experience whenever they are buying crypto.”

Binance also offers support (debit and credit card payments) for fiat currencies like the American Dollar (USD), the Japanese yen (JPY), and the Canadian dollar (CAD).

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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