TechFlow news: Cointelegraph has confirmed via email from a Binance spokesperson that Binance Connect, Binance's payment infrastructure provider, will shut down on August 16.
On the same day, Biswap, a decentralized exchange on the BNB Chain, tweeted that Binance "has made the difficult decision to disable Binance Connect on August 15 due to its provider shutting down supported card payment services."
A Binance spokesperson said: "At Binance, we regularly review our products and services to ensure our resources remain focused on core initiatives aligned with our long-term strategy. Over the past six years, Binance has evolved from an exchange into a global blockchain ecosystem with multiple business lines. We continuously adapt and refine our business approaches in response to evolving market and user needs."
