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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

NCA Freezes £136 Million Linked to Premier League's Sponsorship Deal

chest

The UK's National Crime Agency has frozen over £136 million in a bank account belonging to the Premier League amid an investigation into a crypto sponsorship deal.

user avatarTomas Novak

Shyft Finance Launches First Two Yield Vaults on Ethereum

chest

Shyft Finance is preparing to launch its first two curated yield vaults, shCORE and shYIELD, on the Ethereum blockchain.

user avatarLeo van der Veen

shYIELD and shCORE Vaults Set to Open for Pre-Deposits

chest

Shyft Finance's shYIELD and shCORE vaults are approaching their pre-deposit phase, with the company set to publish access information and final allocation details soon.

user avatarMaya Lundqvist

Chainlink Expands Its Ecosystem with Nine New Integrations

chest

Chainlink has announced nine new integrations across five different blockchains, enhancing its oracle and infrastructure network.

user avatarLi Weicheng

Historic US-Venezuela Oil Deal Announced

chest

The White House has announced a significant oil deal with Venezuela, touted as the largest in history.

user avatarAisha Farooq

Polkadot Leads in Decentralization According to Nakamoto Coefficient

chest

Polkadot has been identified as a leader among major blockchain networks in terms of decentralization, based on the Nakamoto coefficient.

user avatarTenzin Dorje

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.