Binance Pay Expands Crypto Payments in Europe with xMoney
Binance Pay, the cryptocurrency payment platform of Binance, has partnered with xMoney, a renowned European Web3 payment service.
This partnership will let over 20,000 companies accept crypto payments, incorporating digital currencies into normal commerce.
Linking Crypto and Traditional Finance
The alliance improves payment accessibility in several industries:
Luxurious stores
Travel/tourism
Gaming, ecommerce
Public services and real estate
Binance Pay users may now pay for government services in Lugano, Switzerland, and Liechtenstein using xMoney's merchant network.
This establishes cryptocurrencies as a viable payment option outside private transactions.
A Growing Crypto Payment Ecosystem
This partnership has grown Binance Pay's merchant network to over 32,000 establishments globally, a 36% increase.
“This partnership comes at a pivotal moment when cryptocurrency is being embraced in mainstream commerce and public services,” said Binance Pay Global Head Jonathan Lim.
“By integrating Binance Pay, we're expanding our ecosystem and offering users more flexibility,” said xMoney Global CEO Greg Siourounis.
xMoney's EU MiCA compliance ensures safe crypto transactions. This regulatory convergence boosts confidence among companies and individuals seeking trustworthy digital payment choices.
Crypto Payments Industry Impact
This agreement boosts Binance Pay's worldwide crypto transaction leadership, increasing real-world crypto adoption.
Crypto payments may become mainstream in global trade as merchant usage and regulation increase.
$UTK , xMoney's native cryptocurrency, rose 36% after the announcement to $42M.
The token has fallen 2% in 24 hours due to a market decline.
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