Binance will integrate USD dollar on its trading platform with Paxos Fiat Gateway solution
by Alexander Romero 
Binance will integrate USD dollar on its trading platform with Paxos Fiat Gateway solution.
In a press release, Paxos announces that its Fiat Gateway solution can now be integrated on third-party sites to allow users to deposit or withdraw USD Dollars on their account.
Paxos announces that Binance will be the first company to integrate it on its trading platform.
Changpeng Zhao said “CZ” said:
“Paxos is a trusted partner that innovates in creating interoperability of traditional and digital resources.”
“The new Fiat Gateway is the fastest and easiest on/off ramp in US dollars for our customers.
We look forward to working more closely with Paxos to integrate additional solutions.”
Paxos’ Fiat Gateway solution was previously only available on the Paxos site and is now embeddable on other sites via an API that Binance will use.
The system allows the exchange of stablecoins like Binance USD (BUSD) or Paxos Standard (PAX) for USD Dollars.
Charles Cascarilla, CEO and co-founder of Paxos, said:
“We have created these APIs so that our technology can become more widely available and scalable.
Our goal is to create a financial infrastructure that others can use and develop in order to create an open financial system together.”
An option on Binance that will allow users to change their cryptocurrency into Dollar USD.
Binance recently added the Euro EUR and the Ruble RUB to its trading platform.
