According to Binance news which is announced on February 13, 2020, Binance will incorporate WazirX P2P in its system. Around three months ago, WazirX and Binance collaborated to work upon Binance’s mission to spread freedom of money.
WazirX P2P came up with an objective of solving problems regarding Fiat <> Crypto in India.
This integration will let Binance users transfer funds as soon as possible between their Binance and WazirX accounts. To login to WazirX, Binance users can use their existing Binance accounts to do so.
This collaboration will also allow Binance users to be able to buy and sell USDT directly on Binance through WazirX’s P2P trading platform.
According to WazirX P2P, banking is not an offbeat affair in India, countries around the world are also coming across such issues. Not just India, WazirX P2P believes to solve these issues in many other countries too.
Binance P2P service plans to support more fiat currencies on the P2P trading platform and diversify services to users across different markets in the year 2020.
Recently, in the month of January, Binance announced the launch of P2P trading services for the Vietnamese Dong (VND). This allowed Vietnam to buy and sell USDT, BTC, ETH, and BNB using VND through the updated versions of iOS and Android mobile applications.
Looking at Vietnam’s economic growth potential in abundance, Binance believes that it can be the next blockchain hub. As per the growth prospect, Binance is going to host a Binance Blockchain Week in Vietnam at Ho Chi Minh City from February 29, 2020, till March 4, 2020.
The Blockchain Week will comprise of a two-day hackathon, which is a Charity Poker Tournament by Binance and a two-day industry conference where 2,500 industry leaders and stakeholders will come together to share ideas.
Apart from this, Binance now allows its users to trade using Norwegian Kroner (NOK) and Croatia Kuna (HRK). It also launched two trading pairs with Turkish Lira and Russian Ruble. As per recent reports, Binance also plans to evolve across Europe and Latin America.