Binance Australia has successfully reinstated real-time bank transfer services for deposits and withdrawals of Australian Dollars (AUD), providing a significant boost to local user functionality. The restoration utilizes the popular Osko/PayID system, which enables instant transfers between participating Australian bank accounts, dramatically reducing the time required for users to fund their accounts or cash out holdings. This move resolves previous disruptions experienced by Australian users who had been limited to alternative, often slower or more expensive, methods of transacting on the platform. The resumption of immediate AUD transfers is expected to enhance liquidity and usability on the Binance Australia platform, solidifying its commitment to complying with local banking standards while maintaining high operational efficiency for its large user base.
Source: Binance Restores Real-Time Bank Transfers for Australian Users
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