Why did checkout drop Binance?

Checkout, which in recent months has been processing between $300 million and $400 million in Binance transactions, according to a person in position to know, is the latest payment provider to drop the crypto giant as it faces a phalanx of investigations in several countries. (Checkout said the transaction figures are “inflated and inaccurate.”)

Did checkout cut a contract with Binance?

Checkout.com, the London-based credit card processing company that ballooned its business model by servicing billions in crypto transactions for Binance clients, cut short its contract with the crypto giant this week, Forbes reported Friday. From the report: In a pair of letters sent to Binance on A...

Why did checkout send a letter to Binance?

The two letters, sent two days apart, cited “reports of regulators actions and orders in relevant jurisdictions” and “inquiries from partners,” the article said. It also added that Checkout had concerns over Binance’s issues it alleged the company has with anti-money laundering, sanctions and compliance controls.

Why did Binance terminate checkout's relationship with a customer?

From the report: In a pair of letters sent to Binance on August 9 and 11, Checkout CEO Guillaume Pousaz terminated the company's relationship with its once-largest customer citing "reports of regulators actions and orders in relevant jurisdictions" and "inquiries from partners."