Binance invests $ 53 million to deepen the presence of Mexico star-news.press/wp

Binance Medá, Licensed Electronic Foundation Licensed in Mexico, launched. The new entity will work independently and direct more than $ 53 million to PESO payment services for four years.

This step is an expansion of Binance operations in Latin America under local organizational approval.

The Mexico Fintech Market is entering

Binance, the world’s largest coded currency exchange, has announced the creation of Medá, an organization subject to organized by providing electronic payment services in Mexico. The company said it will allocate more than a billion peso ($ 53 million) to the entity over the next four years.

Sponsored

Sponsored

Medá works separately from the work of the World Stock Exchange in Binance, with an exclusive focus on the services provided by the bizo. The company’s structure aims to comply with Mexican regulations while providing a means of local financial operations.

Gilhery Nassar, Vice President of Bennes regional to Latin America, described Mexico as a main market in the region. He said that the company expects MEDá to provide an additional option for PESO transactions in a financial sector currently concentrated among a few service providers.

Mexican authorities MEDá has authorized deposit and clouds in local currency. Binance has also followed organizational approvals in other judicial states, with structures now in 23 countries, including France, Italy, Spain, Japan, Brazil and Argentina.

The company asserts that competition in the Fintech sector in Mexico can reduce consumer costs and improve efficiency. Whether these results are achieved dependent on how users and organizers receive new internalists.

Financial education and inclusion initiatives

Binance also reported an investment in educational programs through Binance AcademyWhich says that resources provide more than 44 million people worldwide in 2024. In Mexico, awareness included cooperation with institutions such as National National University of Mexico (UNAM) And tecnógico de Monterrey. These initiatives focus on literacy for digital financing, but they are not approvals on specific products.

The entry of Medá shows the continuous Binance efforts to build organized operations in Latin America. The investment scale determines a financial standard, while the results will depend on organizational supervision, market adoption and competitive dynamics in the Mexico payments sector.