{"id":85130,"date":"2023-09-28T17:46:27","date_gmt":"2023-09-28T14:46:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85130"},"modified":"2025-09-12T21:28:33","modified_gmt":"2025-09-12T18:28:33","slug":"binance-advised-paysafe-users-to-convert-euros-to-usdt","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-advised-paysafe-users-to-convert-euros-to-usdt\/","title":{"rendered":"Binance advised Paysafe users to convert euros to USDT"},"content":{"rendered":"<p>The cryptocurrency exchange Binance <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/important-updates-for-paysafe-users-7dc31be6889b4fc8ab21292856f38e0f\">advised<\/a> Paysafe users to convert euros on their balance into the stablecoin USDT by October 31, ceasing from today all purchases, sales and trading of this fiat currency.<\/p>\n<p>The banking partner refused to provide the platform with deposit-processing services from September 25, <a href=\"https:\/\/forklog.com\/en\/news\/media-german-regulator-to-deny-binance-a-crypto-custodian-licence\">as had been announced earlier<\/a>. Nevertheless, Binance called Paysafe&#8217;s decision &#8216;sudden&#8217;.<\/p>\n<p>The exchange is currently working on integrating new fiat channels. The process is expected to take <a href=\"https:\/\/www.theblock.co\/post\/253346\/binance-halts-eur-trading-paysafe\">several days<\/a>.<\/p>\n<p>At present, users can purchase cryptocurrency with euros via credit or debit cards and withdraw fiat to bank accounts.<\/p>\n<p>Earlier, on August 16 the exchange <a href=\"https:\/\/forklog.com\/en\/news\/binance-to-shut-down-binance-connect-platform\">closed<\/a> the fiat-to-crypto platform Binance Connect (Bifinity).<\/p>\n<p>Bifinity <a href=\"https:\/\/forklog.com\/en\/news\/binance-launches-payments-company-bifinity\">launched<\/a> in March 2022 in partnership with Checkout.com, Paysafe and other partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance advised Paysafe users to convert euros on their balance into the stablecoin USDT by October 31, halting trading of this fiat currency.<\/p>\n","protected":false},"author":1,"featured_media":85131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1612],"class_list":["post-85130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-euro"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85130"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85130\/revisions"}],"predecessor-version":[{"id":85132,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85130\/revisions\/85132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85131"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}