Binance has introduced Medá, an authorized Electronic Payment Funds Institution (IFPE) in Mexico, with a planned investment of over one billion pesos ($53 million) over four years. Medá will operate independently, offering peso deposit and withdrawal services and bridging traditional finance with digital assets. This move reflects Binance’s commitment to strengthening Mexico’s position as a fintech hub in Latin America while making crypto payments more accessible and affordable for Mexican users.
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