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Crypto exchange Binance says sterling withdrawals reactivated after outage Reuters | Jun 30, 2021 08:27 PM EDT Binance logo and stock graph are displayed in this illustration taken, (Photo : REUTERS/Dado Ruvic/Illustration) Major cryptocurrency exchange Binance said on Wednesday that sterling withdrawals from its platform had been reactivated, with users also able to buy digital coins with debit and credit cards. Binance customers said on Tuesday they were unable to deposit or withdraw sterling from the platform, days after regulators in Britain cracked down on some of its activities in the c...

Binance customers unable to withdraw, deposit pounds via UK's Faster Payments - FT 06/28/2021 | 03:44pm EDT Send by mail : Message : Required fields (Reuters) - Customers of cryptocurrency exchange Binance in the United Kingdom have lost access to withdrawing and depositing pounds through a system known as Faster Payments, the Financial Times reported on Monday. The ability to remove sterling from the platform through Faster Payments had been "suspended for maintenance" the digital asset firm said on its main exchange Binance.com, according to the report https://on.ft.com/3dlymtM. The new...

News Binance’s U.K. customers are currently unable t use the popular local payments provider, Faster Payments, to withdraw British pounds (GBP) from the exchange.  On Monday, June 28, a notice on the Binance website declared that GBP withdrawals via Faster Payments had been “suspended for maintenance,” according to the Financial Times. Faster Payments is a payment provider used by major banks to process near-instant payments. It has become one of the preferred channels for moving fiat currencies to and from the Binance exchange. According to the report, U.K. users can still use tra...

Embedded Financial Services Can Offer Better User Experience, Fintech Modulr Explains May 27, 2021 @ 5:33 pm By Omar Faridi Modulr, a Payments as a Service API Platform for digital businesses, notes that embedded financial services can be considered the fourth platform. UK-based Modulr writes in a blog post that embedded financial services have kicked off an “exciting innovations race.” The company also mentions that non-traditional financial services providers such as Google or Ebay have managed to acquire a considerable market edge over their competitors by providing financial services ...

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