MoonPay steps in to help lift Binance.US crypto payments suspension

A Bloomberg report has it that payment startup MoonPay is allowing Binance.US customers to convert dollars into crypto.

Binance.US suspended U.S. dollar deposits in June after its banking partners severed ties following legal action by the U.S. Securities and Exchange Commission (SEC) on allegations that the crypto exchange was operating an unregistered securities exchange.

The report, citing an email to customers, added that customers have the option of buying stablecoin tether (USDT) using debit cards, credit cards, Apple Pay or Google Pay and then converting it into crypto tokens.

The chairman of Binance.US, Changpeng “CZ” Zhao, reportedly came close to shutting the crypto exchange following the heightened regulatory scrutiny.

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