Binance has rolled out a new P2P feature within the Binance Wallet that enables users to buy cryptocurrency using local currencies. The service is powered by Binance Connect, the official fiat-to-crypto gateway of Binance, enabling a wide range of payment rails for buying crypto.
This could broaden access to crypto by expanding the range of payment rails available to buyers. It reflects Binance Connect’s growing role as a fiat-to-crypto gateway integrated into user wallets.
Binance has introduced a new P2P option within the Binance Wallet that allows users to purchase cryptocurrency using their local currencies. The feature is powered by Binance Connect, Binance’s fiat-to-crypto gateway, enabling a wider range of payment rails for acquiring crypto. This enhancement could broaden access to digital assets by diversifying how buyers pay.
By integrating local-currency support, the P2P flow leverages Binance Connect to connect buyers with sellers directly inside the wallet experience. As Binance Connect grows as a fiat gateway, more markets may see increased crypto onboarding through wallet-based purchases, aligning with ongoing efforts to simplify crypto access for new users.
Leave a Reply