Recently, there has been significant news regarding Binance Smart Connect, also known as Binance Connect. The platform, which launched in 2022 under the name Bifinity, served as a bridge between the traditional finance system and cryptocurrency, enabling fiat-to-crypto payments. However, Binance decided to shut down this service as of August 16, 2023, citing changing market conditions and user needs.
The shutdown aligns with Binance's strategic focus on its core services. The closure was influenced by the discontinuation of a card payment service provider that supported Binance Connect【7†source】【8†source】.#BinanceLaunchpoolCATI #DOGSONBINANCE #BinanceTurns7 $BTC
