Binance Expansion: New Partnership In Australia In Push To Support Every Fiat On Earth
Binance was recently in the spotlight when its CEO, Changpeng Zhao, made a few interesting predictions for this next decade.
Goals in 2020
Changpeng Zhao said that one of the most important goals in 2020 is to offer people all over the world the ability to buy crypto using any fiat currency that they have access to.
“One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading for 180+ fiat currencies,” Zhao said.
He continued and explained: “We always have a number of strategic acquisition discussions in the works, a couple of them are major and will have a significant impact. We will announce it in due time.”
Zhao also said that by 2030 crypto and the underlying technology, the blockchain, will be all over the place.
Binance expands in Australia
Binance revealed that they are expanding services in Australia. The most important crypto exchange teamed up with the fintech company Banxa in order to offer crypto investors, traders, and enthusiasts a fiat on-ramp, according to the latest reports coming from the online publication the Daily Hodl.
At the moment, users can buy crypto directly on Binance.com with the Australian dollar (AUD), euro (EUR), and British pound (GBP).
Changpeng Zhao had a few words to say about this latest move that the exchange made:
“We believe fiat will co-exist with crypto for a long time to come. More than 99.9% of the global money supply is still in fiat, and we need to continue building bridges to enable easier flow into crypto. In 2020, we aim to add support for all 180 fiat currencies. Banxa is a partner who shares our mission of making cryptocurrency accessible to people around the world.”
Despite the high volatility in the crypto market, price-related predictions are also optimistic this year. BTC is expected to skyrocket, mainly due to the halving, which is scheduled for May.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.