Binance to leverage Mobilum payment infrastructure

Mobilum Technologies Inc., a technology-driven company making crypto and digital assets accessible through conventional finance and payment infrastructure, and leading exchange Binance signed a strategic services agreement, Invezz learned from a press release.

Mobilum is the first solution provider of Fiat-to-DEX Tokens rails. Binance will use its rails and fully compliant payment institution infrastructure to increase its users’ freedom of money.

An unmatched product portfolio

Binance’s portfolio of crypto products and offerings includes education, social good, trading and finance, data and research, decentralization and infrastructure solutions, and investment and incubation.

Processing payments, transaction execution

The exchange will do the following under the terms of the agreement:

Mobilum Pay will provide Binance with services to process payments on its platform. Its money remittance services to Binance will be connected to transaction execution.

Steven LaBella, Mobilum CEO, commented: