Recently, the biggest cryptocurrency trading platform in the world, Binance, has been the focus of a great deal of FUD and controversy. Nevertheless, in spite of all that has happened, the exchange has persisted in doing what it does best, which is to develop strategic relationships and make business choices that will assist in increasing the use of cryptocurrencies.
Recently, Binance has made an announcement that users can now buy cryptocurrency using Apple Pay, Google Pay, and other payment methods. Additionally, the stablecoin known as BUSD that the exchange uses has been included into the TRON network.
However, in spite of the fact that numerous people appear to be buying into the FUD propaganda, there are still many who maintain that it is nothing more than a myth that is intended to be used as a weapon against the world’s biggest crypto platform.
For instance, crypto YouTubers CryptoBusy, said that it may be difficult to overcome fear, uncertainty, and doubt since these emotions contribute to the formation of negative views.
They added that, however, Binance and its creator Changpeng Zhao “CZ” are putting a strong emphasis on expanding the use of their products and services, which will assist to improve the ecosystem as a whole and provide additional prospects for development.
CZ has said in the past that the FUD is mostly driven by external sources and is not caused by the exchange itself. An investigation into possible instances of money laundering, as well as a dramatic rise in the number of withdrawals made by users are some of the controversies surrounding Binance.
