Binance Pay and xMoney have joined forces to offer more accessible cryptocurrency payments in Europe.
Expanding the Crypto Payment Network
Through this partnership, Binance Pay customers can make cryptocurrency payments to more than 20,000 companies, including those in e-commerce, luxury goods, travel, and gaming. This partnership also aims to make crypto payments faster, cheaper, and simpler for buyers and sellers.
Significance of the Partnership for the Industry
Jonathan Lim, Global Head of Binance Pay, emphasized that this move comes as crypto payments are becoming more common in daily life, including for travel and government services. The merchant network of xMoney covers industries like luxury retail, gambling, travel, real estate, and public services. It also collaborates with government clients like the City of Lugano and Liechtenstein’s National Administration, enabling citizens to pay for public services using Bitcoin.
Future of Cryptocurrency Payments
With this partnership, Binance Pay’s network now includes over 32,000 businesses worldwide. The platform has significantly grown, increasing its users from 8,900 to over 12,000 by December 2024, confirming its commitment to expanding crypto payment options.
This partnership underscores a commitment to broadening the use of digital currencies for a wide range of purchases, making them more accessible to users.
