Binance Faces Euro Deposit Setback as Paysafe Ends Banking Partnership

The popular cryptocurrency platform, Binance, recently received a setback as Paysafe, its key banking partner in Europe, chose to end its association. Consequently, Binance has recommended that its European users possessing euros (EUR) make a switch to the Tether (USDT) cryptocurrency by October 31. Earlier, on September 28, Binance had pointed out to its European clientele using Paysafe that theres a need to shift their EUR reserves in Binance to USDT. The call to action was necessitated due to Paysafes unexpected decision to terminate the processing of EUR deposits for those using...


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