TLDR
- Binance has introduced direct USD deposits and withdrawals through BPay Global for users in over 70 countries.
- BPay Global is a regulated Binance Group company licensed by the Central Bank of Bahrain.
- Users can deposit and withdraw USD using SWIFT, credit and debit cards, Apple Pay, and Google Pay.
- Binance has confirmed that SWIFT USD deposits will incur no transaction fees.
- The feature enables users to store USD in a regulated e-wallet for direct use on the Binance platform.
Binance has activated direct USD deposits and withdrawals through BPay Global, available in over 70 countries. This new feature supports both retail and corporate users across multiple payment methods. The move enhances fiat access and streamlines transitions between traditional currencies and crypto on Binance.
BPay Global Now Powers USD Transfers on Binance
Binance has launched direct USD transactions via BPay Global, a regulated company within the Binance Group. The company holds a license from the Central Bank of Bahrain. This development strengthens Binance’s global fiat infrastructure.
Users in eligible countries can now deposit and withdraw USD using SWIFT, cards, Apple Pay, or Google Pay. According to Binance, SWIFT-based USD deposits carry no fees, enabling faster and cheaper transactions. These additions simplify how users interact with traditional money on Binance.
The company confirmed that funds are stored in regulated USD wallets for direct use on the platform. These wallets allow users to convert, trade, or hold USD seamlessly. Binance maintains that the feature supports its mission of accessibility and compliance.
Feature Supports Compliance and Global Fiat Expansion
Binance continues to enhance its compliance strategy through partnerships with regulated entities like BPay Global. The company aims to make fiat access safer and more transparent. Binance has repeatedly emphasized the importance of regulatory alignment.
Thomas Gregory, Binance’s VP of Fiat, said, “We meet global demand for better fiat ramps without compromising security or standards.” His comments reflect Binance’s broader effort to lower entry barriers worldwide. The update plays a key role in that broader initiative.
Through BPay Global, Binance ensures smooth USD access while maintaining operational oversight. The platform prioritizes regulated services to ensure trust and reliability. This approach supports its long-term global fiat roadmap.
Further Developments Expand Binance Payment Network
Binance also partnered with Japan’s PayPay to simplify crypto purchases using PayPay Money. This allows direct wallet funding with local fiat. The feature expands Binance’s reach in the Japanese digital payments market.
Additionally, Binance integrated Plume Network to support gas-free transactions for tokenized real-world assets. Thousands of merchants can now use this service. These steps support Binance’s strategy of merging daily finance with crypto.
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