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.

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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:

• Acquire payment transactions services
• Use money remittance services

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:

The Mobilum team takes great pride in providing a quality suite of services for bridging the traditional world of finance to the digital world of finance. We are delighted to work with Binance, the world’s leading cryptocurrency exchange. That they have entrusted the Mobilum team to help in providing highly efficient, secure, scalable and fully-compliant payments infrastructure / rails to help with payment transactions and money remittance services, is a big accomplishment for our company and shareholders. We look forward to supporting the Binance team and a long-term bilateral partnership.