Global crypto exchange Binance’s payment service Binance Pay has partnered with xMoney, a blockchain-based payment provider aimed at making cryptocurrency payments easier and freer in Europe. With this partnership, Binance Pay’s users can now pay with crypto at over 32,000 businesses spanning from luxury retail and different sectors of the gaming industry, to travel, real estate and public services.
The company aims to change crypto payments to make them faster, safer and more convenient for both the customers and businesses. Digital currencies are now functional not only for online shopping, but also for payment of services, even for government payments, for instance, in certain places, the City of Lugano, Liechtenstein’s National Administration.
According to Jonathan Lim, Global Head of Binance Pay, this partnership further shows the real mainstream, real utility of cryptocurrency in people’s everyday lives. No longer a dream, buying luxury items, booking trips and even paying taxes with crypto is being done right now.
Related Post
This partnership is also about security and regulations. xMoney adheres to EU’s MiCA regulations, which is very safe to transactions. However, that is especially important now as Binance is experiencing legal issues in some countries.
This partnership brings traditional finance together with the world of the blockchain, allowing people to have even more payment options, according to Greg Siourounis, CEO of xMoney.
As Binance Pay continues to grow rapidly with its merchant network increasing by 36% over the last year, this partnership is a huge leap to making crypto a normal way of paying for things across Europe.
Also read: Purpose Investments Files for World’s First XRP ETF in Canada
