Binance Pay is a contactless, borderless and secure user-to-user cryptocurrency payment feature on the Binance App.
“Traditional payment infrastructure services are riddled with high transaction fees; we see this Pay product as a way to solve one of the many issues and limitations of traditional finance,” said CZ. “Finance is truly moving towards a digital world and economy where crypto is at the crux of this change which benefits the larger global population that needs it.”
CZ continued, “Binance Pay will be part of our long-term development to complete the crypto journey and allow people to live in crypto, especially with digital payments being an integral part of everyone’s daily lives.”
Last February, Binance released the beta version of Binance Pay exclusively for peer-to-peer payments. During this phase, about 250,000 users interacted and experienced Binance Pay. Today, Binance Pay is available for both peer-to-peer payments and merchant-based transactions.
Choose how to pay or get paid
This new payment platform on Binance lets users and merchants choose their preferred payment options. With 30+ currencies supported, pay and get paid in Bitcoin, Ethereum, BNB, and more. With Binance Pay, users can select the order of the currencies in which they wish to make payments. Users can instantly move funds between their Binance Pay and personal Spot wallet or withdraw funds to their bank of choice.
Accept payments online and in-person
Whether they run an e-commerce business or restaurant, you can accept crypto payments with Binance Pay. Binance Pay’s Merchant APIs allow you to process online payments or in-person payments using QR codes, all while giving your customers a seamless payment experience.
Starting today, our users can now book over 3,000,000 travel products on Travala.com, the first merchant to integrate Binance Pay. Due to the Binance Pay Merchant program’s overwhelming response, it is currently available on a first-come, first-serve basis. If you wish to start accepting crypto payments, please write to us at [email protected].
To learn more about Binance Pay, please click here.
