Binance Australia Loses Access to Some Aussie Dollar Payment Routes
- Company says Cuscal stopped Aussie dollar deposit services
- Crypto exchange is seeking an alternative payment provider
The Australian arm of crypto exchange Binance suffered a setback on Thursday after the local platform lost access to some Aussie dollar deposit services and warned of disruption to bank transfer withdrawals.
A Binance Australia spokesperson said it can no longer offer Aussie dollar deposit services due to a decision by Cuscal, “our payment processor’s partner bank.” The exchange said PayID deposits are no longer available and that local currency bank transfer withdrawals are presently open but will be impacted.
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Binance Australia Loses Access to Some Aussie Dollar Payment Routes