The new functionality removes the need for third parties when sending money. When non-Binance users receive the funds on their phone or email, they will get a link that prompts them to signup and instantly withdraw the funds.
The cash transfer function will enable you to send cash to friends and family anytime for free using either your phone number or email address.
The new functionality is available on the web and on the updated version of the Binance app.
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.