Binance CEO hints at addition of fiat deposit feature to exchange

binance coin

Changpeng Zhao, the CEO of Binance, the world’s largest cryptocurrency exchange, hinted at the addition of a fiat deposit feature to Binance recently.

Binance recently added Trust wallet as its official wallet, allowing users to buy cryptocurrencies with credit cards. During this announcement, the exchange added that the wallet would provide support for XRP, the third largest cryptocurrency. This is yet another development for XRP in the past two days, and it was welcomed by many in the Twitterverse. XRP enthusiast @RipplePandaXRP tweeted,

“For those who doesn’t know yet
You can start buying #XRP with credit card at @binance!!! And there is a daily USD20,000 limit, and USD50,000 per month.
Check out the pictures for the restricted countries and cities.”

The thread continued as RipplePandaXRP added,

I’m waiting for the fiat deposit & withdrawal services by @binance, wonder when it will be launch in Singapore?
@cz_binance, mind sharing any juicy news on this? 😍

CZ, however, was quick to respond, and stated that these services will be added pretty soon.

This is yet another instance of CZ making a Binance announcement on Twitter. CZ had previously confirmed the addition of XRP as a base pair on Binance a few days before Christmas last year.

Additionally, CZ supported XRP in a recent AMA, and put the FUD to rest by claiming that XRP was not a security. CZ stated,

“… if XRP is ruled as a security, it would seriously hurt a lot of US users, and to a certain extent, other users around the world too. It certainly doesn’t look like a security to me, but that’s just one person’s opinion.”

@ripplepandxrp replied,

“Thanks for the reply!!! Looking forward to it!
I’m so excited!!!!”

@bullable_guy456, a Twitter user commented

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