- The exchange sees this as an opportunity to attract new business partners.
- Binance is working hard to speed up the onboarding of its new partners.
After its collaboration with Paysafe lapsed, Binance France reportedly advised its users to quickly change their fiat holdings into cryptocurrencies.
Notably, on September 25th, the agreement that allowed for the deposit and withdrawal of euros came to an official end. Meanwhile, the exchange sees this as an opportunity to attract new business partners to help make up for Paysafe’s departure.
Binance France and Paysafe’s partnership was important in making SEPA bank transfers for euro transactions quick and easy. But as of late June, the collaboration had ended, leaving Binance France without a dependable banking system.
Searching for New Partner
Binance France is working hard to close this gap, but no new agreements have been confirmed as of yet. Binance France is proactively promoting its users to convert their fiat assets into cryptocurrency without incurring fees in order to overcome the problems coming from the end of the partnership.
This suggestion is made so that users can keep doing crypto-related activities on the platform without hindrance. Recent user feedback indicates that this conversion is now performed automatically by the mobile app. In the meantime, a representative from Binance France spoke with BFM and stressed the seriousness of the situation.
Binance, he claimed, is working hard to speed up the onboarding of its new partners and would provide an update soon. This announcement is consistent with the company’s continuous attempts to obtain additional partnerships and demonstrates the exchange’s dedication to minimize interruptions for its user base.
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