CoinFlip ATMs now Support Binance Coin (BNB)

CoinFlip ATMs now Support Binance Coin (BNB)

According to a recent tweet by CoinFlip, their ATMs now support Binance Coin (BNB).

BNB is now available across more than 150 CoinFlip ATMs.

Also Read: Binance Joins Justin Sun in ALS Campaign

Binance Labs has been active in the crypto industry with multiple initiatives undertaken by the company. Recently, Binance Charity Foundation participated in the ALS Campaign along with Justin Sun, the Founder of TRON Foundation, and CEO of BitTorrent.

In a conference in South Korea, Changpeng Zhao, the Binance CEO answered questions about the company’s relationship with the controversial stablecoin Tether. WhileBinance is one of the largest holders of Tether, he said that the ‘concern is always there’.

One of these questions came from Ran Neu-Ner who asked about the impact of a possible tether crash on Binance. Mr. Zhao responded to this,

We have seen fiat currencies go down in history a lot. Probably more times than they have been in cryptocurrencies. So yes, the concern is always there and that’s also why we’re listing other stable coins as well, so we actively promote other stable coins including True USD and others.

Mr. Neu-Ner also asked Zhao questions about the relation between Bitfinex and Tether. A lot of experts in the cryptocurrency industry have accused both of these of Bitcoin price manipulation, with some people going to the extent of actually attributing the entire price run-up of Bitcoin in 2017 to Tether’s inflation, however, another study gave an opposing revelation.

Mr Zhao commented on this as well. He said,

I haven’t personally seen their bank accounts.But from a logical point of view they have so many profits from their regular exchange business, they don’t need to do anything crazy about the Tethering. I think the reason they cannot release their bank account details is if they release whichever bank they’re using, then the bank account gets shut down.

As opposed to this interview, the general criticisms against Tether have slowed during the middle of the year. However, another study suggests a Tether collusion with Kraken to which the exchange took to its blog and accused the media and journalists of understanding little about how the industry works. Furthermore, last month, Tether brought in an establishment figure as a head of its compliance division, perhaps in efforts to diminish future fear.

Follow us on Telegram, and Twitter. Subscribe to our newsletter!

Please follow and like us:

Leave a Response

Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.