Binance Pay partners with xMoney to enable over 20,000 businesses to accept cryptocurrency as payment, enhancing the role of digital currencies in mainstream commerce.
Bridging Crypto and Traditional Finance
The partnership enhances payment accessibility across various industries, including luxury retail, travel & tourism, gaming & e-commerce, real estate, and public services. Through xMoney’s merchant network, Binance Pay users can now pay for government services in locations such as the City of Lugano (Switzerland) and the Principality of Liechtenstein. This initiative reinforces the legitimacy of cryptocurrency as a payment method beyond private transactions.
A Growing Crypto Payment Ecosystem
With this collaboration, Binance Pay’s merchant network has expanded to over 32,000 businesses worldwide, marking a 36% year-over-year growth. Jonathan Lim, Global Head of Binance Pay, stated: "This partnership comes at a pivotal moment when cryptocurrency is being embraced in mainstream commerce and public services." Greg Siourounis, CEO of xMoney Global, added: "By integrating Binance Pay, we’re expanding our ecosystem and offering users more flexibility." xMoney operates under the EU’s MiCA regulatory framework, ensuring secure and compliant crypto transactions.
Impact on the Crypto Payments Industry
This partnership strengthens Binance Pay’s position as a global leader in crypto transactions, offering more opportunities for real-world crypto adoption. With growing merchant adoption and regulatory clarity, crypto payments could soon become a standard feature in global commerce.
The collaboration between Binance Pay and xMoney highlights the growing role of cryptocurrencies in global commerce transactions, opening new horizons for crypto payment adoption.
