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Binance has shared on its blog a story of how cryptocurrency, through Binance Pay, contributed to saving a life by bypassing delays inherent in traditional banks.
According to the blog post, an Algerian peer-to-peer (P2P) merchant identified as Imed Idrissi began using Binance Pay years ago. It was the first crypto product he had ever tried. A friend had suggested that he use it, and he quickly became impressed by the platform’s instant transfers and zero fees.
"Binance Pay helped me understand the distinction between using crypto and local fiat currencies. While costs are nearly nonexistent when using cryptocurrencies, they can be significant with fiat," Idrissi was quoted as saying in the post. "And I am not just talking about monetary cost. I am talking about costs that cannot be quantified, such as someone’s health and someone’s life."
