Crypto exchange Binance has partnered with Paysafe to resume Single Euro Payments Area (SEPA) bank transfers for European customers.
— a system that allows users to make cashless euro payments via bank accounts anywhere in the European Union, as well as several non-EU countries.
"There's a small set of users who will have [SEPA] access today as part of testing before it rolls out to other users across the EEA ," a Binance spokesperson told The Block. Paysafe will essentially act as a fiat on-ramps partner for Binance in Europe. The Binance spokesperson said Paysafe has developed a platform for Binance, using both their digital wallet technology and their payment processing capabilities, which will support Binance’s fiat-to-crypto services for users in Europe.