Binance has relaunched the Binance Connect service, integrating it into its ecosystem, allowing seamless transition between fiat and crypto for users without needing additional accounts. Initially closed in August 2023 due to card payment support issues, the new Binance Connect service supports over 100 fiat currencies and 300 cryptocurrencies, enabling direct buying and selling through existing Binance accounts. The service adheres to applicable regulations while collaborating with regional banks for direct deposits and withdrawals, alongside supporting payment methods like Apple Pay and Google Pay. Binance Connect originated as Bifinity in 2022 but rebranded to Binance Connect, ceasing operations in August 2023 amid regulatory issues. This relaunch follows the introduction of another service in collaboration with Paymonade, allowing users to convert cryptocurrencies directly to fiat on their bank cards, which is being rolled out gradually.

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