Wu said that he learned that Binance Payment will gradually stop supporting Pay ID starting from August 6. Users can continue to transfer or receive cryptocurrencies through Binance ID, email or phone. The affected Binance payment products include: transfers, transfers to multiple people, single payments on the merchant platform and batch payments on the merchant platform; the official will retain historical transaction records of transfers or receipts through Pay ID; the merchant payment API (Payout API) will continue to support Pay ID until further notice.