{"id":14699,"date":"2023-09-04T17:27:28","date_gmt":"2023-09-04T16:27:28","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=14699"},"modified":"2023-09-06T15:08:13","modified_gmt":"2023-09-06T14:08:13","slug":"binance-a-new-transfer-system-cryptocurrency","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/","title":{"rendered":"Binance: A new transfer system &#8211; Cryptocurrency"},"content":{"rendered":"\n<p>The news was announced this week by Binance and its CEO Changpeng Zhao. This feature allows users to send funds in cryptocurrencies and instantly transfer them to external bank accounts and arrive in the form of fiat currency. This is a small revolution for the platform, even if its scope is currently limited.<\/p>\n\n\n\n<p>\u201cA new service that will allow users to transfer cryptocurrencies via Binance Pay from 9 countries in the region, so family and friends can receive money directly into their bank accounts. \u00bb<\/p>\n\n\n\n<p>Local payment providers have been invited to activate this new service. Currently available countries are Mexico, Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, Dominican Republic and Panama. However, in this first phase, funds can only be sent to two places: Colombia and Argentina.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"425\" height=\"454\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-3.png\" alt=\"Binance : Un nouveau syst\u00e8me de tranfert - Actu Crypto\" class=\"wp-image-14669\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-3.png 425w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-3-281x300.png 281w\" sizes=\"(max-width: 425px) 100vw, 425px\" \/><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/#Latin_America_the_new_cradle_of_cryptocurrencies\" >Latin America, the new cradle of cryptocurrencies<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/#KuCoin_Report_Reveals_Half_of_Turkish_Residents_Own_Cryptocurrencies\" >KuCoin Report Reveals Half of Turkish Residents Own Cryptocurrencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/#X_Twitter_se_lance_dans_les_cryptomonnaies\" >X (Twitter) se lance dans les cryptomonnaies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/#La_crypto_de_la_semaine_%E2%80%93_Toncoin_TON\" >La crypto de la semaine &#8211; Toncoin (TON)<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latin_America_the_new_cradle_of_cryptocurrencies\"><\/span>Latin America, the new cradle of cryptocurrencies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As Ming Lin, head of Binance for Latin America, points out, the region is the cradle of new technologies related to payments.<\/p>\n\n\n\n<p>\u201cBinance renews its commitment to the crypto industry in Latin America, to expand the benefits offered in terms of financial inclusion, and to develop new ways of using cryptocurrencies in daily life. \u00bb<\/p>\n\n\n\n<p>According to Ming Lin, people in the region are particularly open to innovation like Binance because they sometimes face an uncertain economic environment. Hyperinflation and relatively low bank interest rates are often a reality in Latin America. 42% of adults in Latin America and the Caribbean do not have a bank account.<\/p>\n\n\n\n<p>In Central and South America, calls are increasing for the abolition of dollar hegemony. Statements from heads of state and government have multiplied in recent months, with Venezuelan President Nicol\u00e1s Maduro affirming a few days ago that the dollar was \u201can instrument of economic warfare\u201d. Consequently, the context of dedollarization and the resulting political problems amplify this phenomenon.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"KuCoin_Report_Reveals_Half_of_Turkish_Residents_Own_Cryptocurrencies\"><\/span><a href=\"https:\/\/www.kucoin.com\" target=\"_blank\" rel=\"noreferrer noopener\">KuCoin <\/a>Report Reveals Half of Turkish Residents Own Cryptocurrencies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-2-1024x538.png\" alt=\"Binance : Le rapport KuCoin r\u00e9v\u00e8le que la moiti\u00e9 des r\u00e9sidents turcs poss\u00e8dent des crypto-monnaies\" class=\"wp-image-14666\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-2-1024x538.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-2-300x158.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-2-768x403.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-2.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>According to a recent KuCoin survey, half of Turkish citizens may own cryptocurrencies. Concretely, the percentage of owners has increased from 40% to 52% over the last 18 months. KuCoin&#8217;s report, although based on a limited sample of 550 people, tends to confirm underlying trends noted by several sources over the years. The country ranks alongside Nigeria as the top region in cryptocurrency adoption, according to a survey last May.<\/p>\n\n\n\n<p>According to KuCoin&#8217;s survey, 58% of respondents said the main reason for their investment was long-term wealth accumulation. Thirty-seven percent explained that it is also about creating a store of value. When it comes to the type of cryptocurrency they prefer, it&#8217;s no surprise that 71% of investors rank Bitcoin (BTC) first. However, 45% of them own Ether (ETH) as well as stablecoins.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"X_Twitter_se_lance_dans_les_cryptomonnaies\"><\/span>X (Twitter) se lance dans les cryptomonnaies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-1-1024x682.png\" alt=\"Binance: X (Twitter) se lance dans les cryptomonnaies \" class=\"wp-image-14663\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-1-1024x682.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-1-300x200.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-1-768x511.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/image-1.png 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>X (formerly Twitter) has just obtained a license to conduct cryptocurrency-related activities in Rhode Island. Neither X nor Elon Musk has said anything about it, so the platform&#8217;s exact plans remain rather vague.<\/p>\n\n\n\n<p>Also, it remains to be seen whether this license will allow X to offer cryptocurrency services only in Rhode Island or in all 50 US states.<\/p>\n\n\n\n<p>According to Rhode Island government documents, the license allows both traditional (like Western Union) and electronic (like PayPal) money transfers, stores funds for customers, as well as \u201cvirtual currency.\u201d control of their virtual currency. currency&#8221;. Perform currency transactions on behalf of third parties. &#8220;<\/p>\n\n\n\n<p>This also includes cryptocurrency wallet services and cryptocurrency exchanges.<\/p>\n\n\n\n<p>What are Elon Musk&#8217;s real intentions? It&#8217;s hard to say right now, but now that it&#8217;s possible to donate Bitcoin (BTC) on the platform, it&#8217;s clear that X is pretty positive about this form of exchange.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"La_crypto_de_la_semaine_%E2%80%93_Toncoin_TON\"><\/span>La crypto de la semaine &#8211; Toncoin (TON)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Open Network (TON) is a decentralized blockchain that is characterized by ultra-fast operation and (in principle) the ability to handle millions of transactions per second.<\/p>\n\n\n\n<p>The scalable and secure TON network was launched in 2018 by messaging giant Telegram to democratize the payment system.<\/p>\n\n\n\n<p>So, initially known as Telegram Open Network, this project is a blockchain and cryptocurrency developed by the Durov brothers (inventors of Telegram).<\/p>\n\n\n\n<p>After troubles with the SEC (Securities and Exchange Commission) and an ICO that raised $1.7 billion, the project was eventually separated from Telegram and named The Open Network (TON).<\/p>\n\n\n\n<p>With a Market Cap of \u20ac6,096,089,406, a price of \u20ac1.78, the price experienced an increase of 26.57% this week, bringing it to 11th place in the CoinMarketCap ranking.<\/p>\n\n\n\n<p>Don&#8217;t forget to read our news from last week!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-social-warfare-social-warfare\"><div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"14699\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Binance%3A+A+new+transfer+system+-+Cryptocurrency&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-a-new-transfer-system-cryptocurrency%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Binance%3A+A+new+transfer+system+-+Cryptocurrency&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-a-new-transfer-system-cryptocurrency%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweet<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-a-new-transfer-system-cryptocurrency%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-a-new-transfer-system-cryptocurrency%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-a-new-transfer-system-cryptocurrency%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-a-new-transfer-system-cryptocurrency%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-a-new-transfer-system-cryptocurrency%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Pin<\/span><\/span><\/span><\/span><\/a><\/div><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>This article is not investment advice. Do your own research before investing in the cryptocurrency market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news was announced this week by Binance and its CEO Changpeng Zhao. This feature allows users to send funds in cryptocurrencies and instantly transfer them to external bank accounts and arrive in the form of fiat currency. This is a small revolution for the platform, even if its scope is currently limited. \u201cA &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Binance: A new transfer system &#8211; Cryptocurrency\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/#more-14699\" aria-label=\"More on Binance: A new transfer system &#8211; Cryptocurrency\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":14691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-14699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance: A new transfer system - Cryptocurrency - The Crypto Trading Blog<\/title>\n<meta name=\"description\" content=\"Find weekly analysis and Crypto news, today: Binance: A new transfer system for traders - The Crypto Trading Blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance: A new transfer system - Cryptocurrency - The Crypto Trading Blog\" \/>\n<meta property=\"og:description\" content=\"Find weekly analysis and Crypto news, today: Binance: A new transfer system for traders - The Crypto Trading Blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/\" \/>\n<meta property=\"og:site_name\" content=\"The Crypto Trading Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallOfTraders\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-04T16:27:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-06T14:08:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/09\/binance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicolas S\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@WallOfTraders\" \/>\n<meta name=\"twitter:site\" content=\"@WallOfTraders\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nicolas S\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/walloftraders.com\/blog\/en\/binance-a-new-transfer-system-cryptocurrency\/\"},\"author\":{\"name\":\"Nicolas S\",\"@id\":\"https:\/\/walloftraders.com\/blog\/en\/#\/schema\/person\/b598b4e1b5abfc034097c9814f83df7e\"},\"headline\":\"Binance: A new transfer system &#8211; 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