Saturday, August 9, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Binance to Shut Down Crypto Payments Service

Simon Osuji by Simon Osuji
August 15, 2023
in Business
0
Binance to Shut Down Crypto Payments Service
1
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Binance has announced the decision today to shut down its crypto payments service. The Binance Connect service was unveiled in March 2022.

Binance has announced the decision today to shut down its crypto payments service. The Binance Connect service will be disabled on Aug. 16.
Source: Crypto News

According to a statement by the company today, the service will be disabled on Aug. 16. The crypto exchange wants to refocus on its main products and long-term goals, according to Binance.

In the statement, Binance says:

“We periodically review our products and services to ensure that our resources continue to be focused on core efforts that align with our long-term strategy. In the last six years, Binance has grown from being an exchange to a global blockchain ecosystem with multiple business lines. We consistently adapt and modify our business approach in response to changing market and user needs.”

Binance

Also Read: Binance Appoints New Compliance Officer Amid Regulatory Issues

The service supported 50 cryptocurrencies and all major payment methods, including Visa and Mastercard. It allowed companies to accept payments for goods and services with various cryptocurrencies. While Binance is refocusing on its main product and blockchain technology, it is unclear whether the Binance crypto payment service will ever return, or if it’s a permanent departure.

Related posts

China Beckons: NCBA’s 12-Day Immersion for Entrepreneurs

China Beckons: NCBA’s 12-Day Immersion for Entrepreneurs

August 9, 2025
Top Global Asset Manager Sees More Weakness for the US Dollar

Top Global Asset Manager Sees More Weakness for the US Dollar

August 9, 2025

Source link

Previous Post

First Solar acknowledges slavery issue at Malaysian plant

Next Post

New York’s Malin Gallery to close after eight years in Chelsea

Next Post
New York’s Malin Gallery to close after eight years in Chelsea

New York’s Malin Gallery to close after eight years in Chelsea

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Shiba Inu Seeks Aid From ‘Powerful Frens’ Post Shibarium Glitch

Shiba Inu Seeks Aid From ‘Powerful Frens’ Post Shibarium Glitch

2 years ago
31 Best Amazon Prime Day Deals Under $50 (2023)

41 Best Amazon Prime Day Deals Under $50 (2023)

2 years ago
CoAspire Tests 3D-Printed ‘RAACM’ Cruise Missile From Fighter Jet

CoAspire Tests 3D-Printed ‘RAACM’ Cruise Missile From Fighter Jet

4 months ago
Australia Greenlights Domestic GMLRS Missile Production for 2025

Australia Greenlights Domestic GMLRS Missile Production for 2025

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.