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Binance Is Bringing Fiat Back With UK’s Faster Payments

Published 07/01/2021, 11:30 AM
Binance Is Bringing Fiat Back With UK’s Faster Payments

  • Binance is resuming fiat withdrawals with the Faster Payments network.
  • Faster Payments was under suspension for maintenance.

Binance makes a comeback in the UK with its latest announcement. The crypto exchange platform is happy to say that it is resuming fiat withdrawals with the Faster Payments network.

As of June 28, 2021, Binance said it could no longer support withdrawals using the Faster Payment network. In detail, this notice was out only because the UK-based inter-bank payments solution was under suspension due to maintenance.

However, that was step was only short-lived. On June 30, 2021, a Binance agent said that withdrawals with Faster Payments are now bank in full swing. Accompanying its return is the reinstatement of bank card purchases for UK users.

The initial news came at the same time as the Financial Conduct Authority’s (FCA) order for Binance to cease its regu...

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