The Binance payment infrastructure provider Binance Connect will cease operations today

ChainCatcher news, according to Cointelegraph, Binance's payment infrastructure provider Binance Connect will cease operations on August 16.

Binance Connect was launched on March 7, 2022, originally named Bifinity, serving as a payment provider for fiat to cryptocurrency, responsible for connecting cryptocurrency companies with traditional financial systems, supporting multiple cryptocurrencies, as well as fiat payment methods like Visa and Mastercard.