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Earlier this week, Binance Exchange had signed a Memorandum of Understanding (MoU) with the Ukraine Ministry to establish a legal framework for cryptocurrencies and virtual assets. Additionally, the Binance platform was also in plans to support UAH, the Ukranian national currency on its platform. On Nov 7, 2019, the exchange announced that UAH (Ukranian hryvnia) support is now enabled.
AdvCash will aid Binance Exchange to deposit and withdraw UAH on Binance wallets. Further, users can buy bitcoin, ethereum, and XRP using UAH. AdvCash supports Bank Cards. Additionally, the exchange has also enabled a one-click buy/sell service. Users can now buy/sell cryptocurrencies without any complex order types or charts.
Furthermore, Binance also has added EUR support hours after adding UAH. Changpeng Zhao, the founder of Binance exchange, tweeted regarding this development. Users can now use EUR to buy cryptocurrencies on Binance through AdvCash. However, there is no information regarding EUR withdrawals. A few days earlier, Binance had also added Russian Ruble support to the exchange.
What is AdvCash?
Advanced Cash (AdvCash) is a payment system that allows the sending of electronic payments to 200+ countries. The Advanced Cash e-wallet supports 4 widely used fiat currencies – USD, GBP, EUR, and RUB. This makes transactions a lot easier.