Binance has recently announced a partnership agreement with Latamex. The collaboration is targeted at opening an avenue for its customers to purchase cryptocurrency using Brazilian real (BRL) and Argentine peso (ARS).
The announcement was passed across by Binance exchange via its official website and Twitter handle. According to the update, users can now leverage this service via the exchange’s Buy and Sell Crypto page on the website.
On the Buy and Sell Crypto page, users will be opened to using one-click buy and sell service to gain access and purchase cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), and Binance USD (BUSD).
— Binance (@binance) December 12, 2019
Latamex Network is said to be the largest digital assets settlement network in cross-border payment and exchange.
The recently sealed partnership between Binance and Latamex is designed and expected to provide more adoption for cryptocurrency and the exchange within the region.
Going by the report, this will bring in more users for the exchange and enable them buy digital currency with national currency in a fast and secure way.
Announced during laBitConf, the platform works for users in Argentina and Brazil, and will operate in partnership with Settle Network, a Latin America cryptocurrency liquidation network.
For now, the service will be available in 13 countries in Latin America. However, Venezuela was excluded from the list of supported countries in the region.