Binance, the world’s leading cryptocurrency exchange by trading volume and users, has announced the launch of Binance Pay. The new service will enable users to pay for goods and services with cryptocurrencies at merchants that support Binance Pay.
Binance Pay is currently in beta and will initially support payments in Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), XRP, and USDT. The service will be available in over 30 countries and regions, including the United States, United Kingdom, Singapore, Australia, Canada, and Europe.
Binance Pay is designed to be a simple and convenient way to pay with cryptocurrencies. Users will be able to select their preferred currency when paying at a merchant that supports Binance Pay. The merchant will then receive the payment in their local currency.
Binance Pay will also support loyalty programs and rewards. For example, merchants may offer discounts or rewards to customers who pay with BNB.
NOTE: This is a warning to all users: BNBPay is NOT a Binance product or service. BNBPay is not operated by, or affiliated with, Binance in any way. Any claims or representations made by individuals or companies claiming to be associated with Binance should be considered illegitimate and may be fraudulent.
Binance CEO Changpeng Zhao said: “The launch of Binance Pay is another important step in our mission to increase the freedom of money. With Binance Pay, we want to make it easy for everyone to use cryptocurrencies to pay for everyday items like food, coffee, or utility bills.
We also want to make it easy for merchants to accept cryptocurrency payments without having to worry about price volatility or conversion rates.”.
Binance Pay is the latest addition to Binance’s suite of products and services that are designed to make it easy for everyone to use cryptocurrencies. In addition to the exchange, Binance also offers a wallet app, a lending platform, and a charity foundation.
Binance is also planning to launch its own decentralized exchange later this year.
Is BNBPay a Binance? No, but it’s a product from the company.
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