According to a representative for Binance, the biggest cryptocurrency exchange in the world, Checkout.com has stopped working with credit card payments
The Binance representative continued, "There is no impact on our services, and customers can use on- and off-ramps as usual.
Checkout.com, a London-based company valued at $40 billion in January 2022, ended the business partnership earlier this month, according to a Forbes report. Checkout.com was contacted by TechCrunch for a comment, but as of the time of writing, no response has been received.
The two letters, which were issued two days apart, were reportedly prompted by "reports of regulators' actions and orders in relevant jurisdictions" and "inquiries from partners," according to the article. Additionally, it mentioned that Checkout was troubled by Binance's
The closure of Binance's own cryptocurrency payments platform, Bifinity, which it debuted in March 2022, was revealed earlier this week. On Wednesday, the buy-and-sell service ended.
Separately, according to a tweet from Biswap, a decentralized exchange on the BNB Smart Chain, Binance also shut down its Binance Connect service on Tuesday to support the exchange's efforts "to focus on its core businesses."
Being the primary fiat-to-crypto on-ramp between Binance and other blockchain-based platforms was the original goal of Binance Connect. Numerous cryptocurrencies and conventional payment methods like Visa and Mastercard were supported.
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