⚡ Binance is suing the largest crypto-card firm, RedotPay, for $472.8M
Three Binance entities filed in Hong Kong: the exchange says RedotPay used its Binance Pay integration to divert more than 470,000 users to its own cards, breaching a partnership deal. The figure comes from average customer lifetime value — $925 each.
RedotPay denies it and vows to defend itself in court. The fight shows how crypto cards became a battleground for the customer — no less than the exchanges themselves. The details.
#analysis
📈 ByBit: up to $30,000 bonus — my pick for trading!
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Three Binance entities filed in Hong Kong: the exchange says RedotPay used its Binance Pay integration to divert more than 470,000 users to its own cards, breaching a partnership deal. The figure comes from average customer lifetime value — $925 each.
RedotPay denies it and vows to defend itself in court. The fight shows how crypto cards became a battleground for the customer — no less than the exchanges themselves. The details.
#analysis
📈 ByBit: up to $30,000 bonus — my pick for trading!
🔗 My channels: Youtube • X • LinkedIn • Instagram • Threads