Binance Pay Integrates Banking Circle's EURI Stablecoin, Enhancing Digital Payments

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. A New Era of Digital Currencies
  2. Enhanced Transaction Capabilities
  3. MiCA Compliance


    4. Binance Pay announced a strategic partnership with Banking Circle to integrate the EURI stablecoin into its platform, marking a significant step forward in digital payments.

    A New Era of Digital Currencies

    The integration of EURI, Banking Circle’s MiCAR-compliant e-money token, into Binance Pay's platform signifies a major milestone in the evolution of digital currencies. This will facilitate transactions and make digital currencies more useful in daily financial activities.

    Enhanced Transaction Capabilities

    Starting August 28, 2024, Binance Pay users will be able to transact in EURI, expanding the range of available digital currencies for everyday use. Jonathan Lim, Global Head of Binance Pay, highlighted the importance of this partnership in streamlining and improving the user transaction experience. Additionally, a zero-fee promotion on certain trading pairs has been launched, ensuring no fees until further notice.

    The partnership’s mission is to make digital currencies more accessible and widespread.Jonathan Lim

    MiCA Compliance

    On August 26, Banking Circle launched EURI, the first bank-backed MiCA-compliant stablecoin, intended to complement existing payment systems while adhering to stringent EU regulations. This enhances trust and confidence among EURI holders by adhering to consumer protection and transparency standards. EURI withdrawals will be available starting August 29, 2024, though users are advised to check the withdrawal page for real-time status updates.

    The integration of EURI into Binance Pay is a critical step toward greater acceptance of digital currencies.Daniel Lee, Head of Web 3 at Banking Circle

    The integration of EURI underscores Binance Pay and Banking Circle’s commitment to expanding the use of digital currencies and improving their acceptance in global financial transactions. This initiative is expected to drive innovation and support the global adoption of digital assets.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Upcoming Jobs Report to Impact Bitcoin's Market

The upcoming jobs report on November 6 is expected to influence Bitcoin's market performance.

user avatarZainab Kamara

Tether Freezes $15 Billion in USDT Following Binance Attack

Tether announced the freezing of over $15 billion in USDT linked to the late-October Binance attack, collaborating with investigators and industry partners.

user avatarDavid Robinson

ONDOToken Fails to Amplify Ether's Gains Amid Market Divergence

ONDOToken experienced a decline while ether gained against bitcoin, highlighting a divergence in performance.

user avatarAndrew Smith

Ether Shows Strength Against Bitcoin as ETHBTC Ratio Hits New High

On November 3, ether's value increased against bitcoin, reaching a high ETHBTC ratio of 0.002954.

user avatarJacob Williams

Bitcoin's Performance Compared to Previous Midterms

Bitcoin's position relative to its 200-day average has significantly improved since the last midterm elections.

user avatarSon Min-ho

Binance Plans Additional Snapshot for Proof of Reserves

Binance plans to conduct an additional snapshot for the proof of reserves process on November 4, expected to take 40 to 50 hours.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.