Binance Shuts Down Crypto Payment Services on August 16

• Binance Connect, a global payment infrastructure by Binance, will shut down on August 16.
• The company’s spokesperson stated that this decision is in alignment with Binance’s strategic efforts to focus on its core business.
• Binance stated that they consistently modify their business approach in response to changing market needs.

Binance Connect (formerly Bifinity), a global payment infrastructure provider by Binance, will shut down on August 16, 2023. Biswap, a decentralized exchange for BEP-20 tokens on Binance Smart Chain, announced the news on its Twitter account.

Dear Biswappers,

The Biswap team keeps abreast of the latest DeFi news and aims to inform you right away.

After a thorough consideration, @binance has made a difficult decision to disable @Binance_Connect on 15 August due to its provider closing the supporting card payments… pic.twitter.com/HcooyLn4sg

— Biswap (@Biswap_Dex) August 15, 2023

Biswap stated that Binance made a difficult decision to disable Binance Connect due to its provider closing the supporting card payment services. Additionally, Biswap added that this change aligned with Binance’s strategic efforts to focus on its core …

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