World’s largest cryptocurrency exchange has suffered another setback after Paysafe Solutions, Binance’s European banking partner, ended its partnership with the exchange, therefore, the wallet solutions provided by Paysafe will be discontinued starting from September 25.
This comes amid a series of regulatory battles between Binance and financial regulators. As a result of Paysafe’s withdrawal, Binance will have to find a new provider for its Euro transactions.
According to Binance, only European transfers facilitated by Paysafe Solutions will be affected and not other fiat transactions.
To let customers use a faster payments network for depositing British pounds, Binance 2022 partnered with Paysafe Solutions, Binance is however yet to disclose its new banking partner for Euro transactions.
