World-renowned cryptocurrency exchange Binance recently partnered with Advcash to launch its Russian Ruble (RUB) fiat gateway.
Advcash is a payment platform with fiat, crypto, and prepaid card features. The Chinese crypto giant will also offer immediate deposits and withdrawals. This is according to an online post by Binance on November 5, 2019.
The post disclosed that users can easily fund their Binance wallet using the Russian Ruble. The funds can be deposited using credit cards, bank cards and also from users Advcash wallets.
After funding their wallet, users can purchase cryptocurrency with Binance one-click buy/sell service. This service is available on the exchange’s Buy and Sell Crypto page.
Users can trade BTC, ETH and XRP instantly with the Russian Ruble. According to the exchange, this service completely eliminates the need for a Binance RUB wallet.
The exchange is also operating a Zero Deposit Fee service. This means that all RUB deposits using Advcash will attract zero charges. Buying or selling crypto using the Binance RUB wallet will also be free. All purchased digital assets will be deposited almost immediately.
This recent launch closely follows the launch of an Android app by the Chinese giant. The app will enable users to trade futures contracts with their smartphones.
Global expansion is Binance’s goal
Binance has been setting the pace for other crypto exchanges. The company is looking to attain global recognition and adoption. It is, however, making particular efforts to expand into Asia. The company recently registered Binance Co. Ltd. with authorities in South Korea. It is also allegedly planning to open a new outlet in Beijing.
CEO of Binance, Changpeng Zhao (CZ) via a Twitter video pointed out the increasing number of Chinese users. Especially after the launch of the P2P feature for iOS users launched last month.
CZ said, “Luckily, thanks to that, our China p2p volume has grown tremendously[…]we are seeing like a “few million dollars a day” in trading volume on average[…]”
He added that “We can expect more things to happen from China.”
In September, the exchange also launched a US branch dubbed Binance.US.
Advanced Cash LTD popularly known as (Advcash) is a payment processing platform with crypto, fiat and prepaid card features. E-wallets in multiple currencies have a range of deposit and withdrawal options available both locally and internationally. Loaded instantly from e-wallets, ADV prepaid cards enable international POS and ATM transactions. They can be credited using e-wallets. Advcash comes with a range of payment processing and payout tools.