Binance announced that it is launching Send Cash in Latin America, a new product that allows users to transfer cryptocurrencies from 9 countries in Latin America via Binance Pay, family and friends with the services of a licensed transfer processing provider Funds can be deposited directly into their bank accounts.
According to reports, the platform will first be launched in Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, Dominican Republic, Panama and Mexico. During the first phase of the rollout, users in these nine countries will be able to send funds to bank accounts in Colombia and Argentina.
