Binance Launches Medá in Mexico, Plans to Invest $53 Million Over the Next 4 Years

BlockBeats News, September 1st, according to official sources, Binance has established a regulated Electronic Payment Fund Institution (IFPE) named Medá in Mexico, planning to invest over 1 billion pesos (approximately 53 million USD) in it over the next four years.

The official statement indicates that Medá will provide fiat currency deposit and withdrawal services, operated by an independent vertical team, focusing on driving the development of Binance's financial technology services throughout Latin America, setting a new benchmark for innovation, compliance, and user trust.