Binance, the largest digital asset exchange in the world, launched a new partnership with Settle Network using their new product, xRamp, to be able to operate with domestic fiat currencies.
Binance takes compliance and fiat interoperability very seriously and wanted to be able to operate with domestic currencies in LatAm. To be able to do it in an efficient and cost saving way, Settle Network through xRamp provided local infrastructure and interoperability services with Brazilian Reais and Argentine Pesos, accepting bank transfers from every local bank.
# How Settle and Binance are working together
LatAm is a huge market with more than 600 million people. Being able to work with Settle Network in a fast and efficient way was really important for Binance, as the partnership allowed them to secure first mover advantage in such an important region.