Binance enables instant bank transfers in Colombia with Bre-B

Binance, the world’s largest bitcoin (BTC) and cryptocurrency exchange, integrates with the Bre-B payment system in Colombia. Thanks to this alliance, platform users can make deposits and withdrawals in Colombian pesos instantly, regardless of the time or day of the week, optimizing the experience of those who operate with crypto assets in the country.

Bre-B, developed by the Bank of the Republic of Colombia, is an interoperable payment system that allows immediate transfers of Colombian pesos between banks and digital wallets, using unique keys such as telephone number, ID or email.

For Binance, this interoperability means that users can move funds without friction or waiting, directly connecting their bank accounts to the platform.

With this integration, Binance reinforces its expansion strategy in Latin America, offering Colombians greater speed and security in their operations. Deposits and withdrawals can now be made immediately, allowing users to maintain liquidity to trade in real time and make investment decisions with greater flexibility.

Besides, The company highlighted that the operation with Bre-B works 24/7eliminating traditional delays in banking hours. Binance also noted that the fees are competitive, although it recommends users confirm possible additional charges with their banks. This measure seeks to make access to the cryptocurrency ecosystem in Colombia more accessible and fluid.

Daniel Acosta, general manager of Binance for Colombia, said during an interview with Pluralidad Z that this integration is a “very important step that the country has taken” towards real-time payments, ensuring that it is a benefit for the platform.

NoticiasVE was able to verify that, indeed, the integration is fully enabled and banks compatible with the Bre-B service can be added by following the steps indicated by the platform itself, in a simple way.