Binance Coin [BNB] Gets a 9% Boost as it Enters Latin America with a New Collaboration
Binances native cryptocurrency, Binance coin (BNB) has surged up the charts by 6% within the past 24 hours. This price surge comes after Binance announces a collaboration with Airtm, a Mexico-based company, a company offering an e-wallet that is connected to over 300 bank and e-money systems in a P2P network.
Binance Coin [BNB] Up by 9%
According to stats on CoinMarketCap, BNB has gained over $1 against the USD, climbing the ladder by 9%. The cryptocurrency began an upward movement on the 7th of October when it broke through the long-held $15 mark. In accordance with the uptrend, BNB further gained against USD, rising up to the $17 region on Wednesday morning. At the moment, BNB is hovering around the $17.30 mark and further excitement around recent developments at Binance could act as a catalyst for further growth.
Chart Source: TradingView
The price rise, as mentioned earlier, comes amid several underway developments at Binance. Most recently, it announced its collaboration with Airtm which will enable millions of people across the Latin America region to use BNB for payments. Also, Binance recently launched p2p trading for BTC, ETH, and USDT against the Chinese Yuan.
Binance-Airtm Collaboration, A Win-Win Situation.
Airtm is an e-wallet provider that has a connection with over 300 banks and e-money systems through a peer-to-peer(P2P) network and direct bank connections. Users of the wallet keep their money in dollars or cryptocurrency and are able to send and receive funds domestically and internationally. Among the cryptocurrencies now accepted by the wallet is BNB and this exposes the cryptocurrency to adoption from millions of Latin Americans. Founded in 2015, Airtm exists across the globe in regions like Singapore and is headquartered in Mexico and San Francisco.
Binance adds this new collaboration to the numerous developments ongoing at the crypto exchange platform. Coingape reported on Wednesday that Binance announced the launching of its P2P trading and developed an Android mobile app to facilitate the function. This is one of the many important developments that Binance has achieved within a short period of time.