Binance partnered with Inswitch on the FIAT On-Off Ramp in LATAM.

Inswitch and Binance are collaborating to offer on-/off-ramp services that will allow individuals to purchase and trade cryptocurrencies in the context of LATAM and crypto adoption.

Fremont, CA: Inswitch is a global pioneer in embedded financial technology, assisting businesses and organizations with quickly implementing their digital financial services. Any organization may become a Fintech and select the best solution for its unique needs using the Inswitch API-based Fintech-as-a-Service platform. All with a low-friction go-to-market strategy and the Inswitch worldwide network for cash, banking, credit/debit card issuance, and payment operations.

Inswitch and Binance are collaborating to offer on-/off-ramp services that will allow individuals to purchase and trade cryptocurrencies in the context of LATAM and crypto adoption.

Binance is the world's biggest blockchain and cryptocurrency infrastructure provider, with the largest digital asset exchange volume as part of its financial product suite. The Binance platform, trusted by millions around the world, is dedicated to increasing users' financial freedom and features an unrivaled portfolio of crypto services and products, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and so more.

The company's on-/off-ramp services are connected with the most important payment methods, banks, and local currencies in ten Latin American countries, allowing users to exchange fiat currencies and digital assets with their Binance wallets, the largest operation between the two partners.

An "on-ramp" service converting fiat money to cryptocurrency allows fiat currencies (government-issued currency) to get converted into cryptocurrencies (Bitcoin, Ethereum, etc.). Because fiat currencies are the most extensively used type of cash worldwide, exchanging fiat is the easiest accessible way to obtain cryptocurrencies. On the other hand, an "off-ramp" service for fiat money to cryptocurrency permits the exchange of cryptocurrencies for fiat money.

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On-/off-ramp payment rails bypass the limits and difficulties the traditional banking system provides, enabling users to quickly cash out fiat money that does not take days to settle.

The global interest in adopting cryptocurrency for routine transactions is rising daily. As a result, it is critical to have a system that allows for the conversion of fiat currency to crypto and vice versa. Because of the collaboration between Inswitch and Binance, the Inswitch integrated finance platform is an excellent alternative for meeting this demand.