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Binance Pay has joined forces with xMoney, a prominent Web3 payment provider in Europe, to redefine crypto payments. This partnership connects Binance Pay users to xMoney’s extensive merchant network, allowing over 20,000 businesses to accept cryptocurrency directly, facilitating transactions in various industries such as luxury goods, travel, gaming, and e-commerce.
Breaking Barriers in Crypto Payments
The partnership ensures a faster, cost-effective, and user-friendly payment experience for both consumers and merchants. Binance Pay users now have easy access to a wide range of services and products, further empowering the integration of cryptocurrency into everyday transactions.
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Jonathan Lim, Global Head of Binance Pay, emphasized the significance of the partnership: “This collaboration comes at a pivotal time when cryptocurrency is being embraced in mainstream commerce and public services. The ability to pay for luxury goods, travel, and even government services with crypto shows how digital currencies are becoming a practical tool for everyday transactions.”
A Diverse Merchant Network and Public Services
xMoney’s merchant network spans industries such as luxury retail, gaming, travel, real estate, and public services. Additionally, xMoney supports government clients like the City of Lugano and the National Administration of the Principality of Liechtenstein, where citizens can pay for public services using cryptocurrency.
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Greg Siourounis, CEO of xMoney Global, commented: “Partnering with Binance Pay is a significant step in bridging the gap between blockchain and traditional finance. By integrating Binance Pay, we’re expanding our ecosystem and offering our users even more flexibility and choice in how they transact.”
Advancing Crypto Adoption: Compliance and Growth
xMoney operates fully within the EU MiCA regulations, ensuring a secure environment for cryptocurrency transactions. This compliance-focused approach gives merchants and users peace of mind regarding the safety of their transactions.
With this partnership, Binance Pay’s global merchant network has grown to over 32,000 businesses, marking a significant milestone. This expansion reflects a remarkable 36% year-over-year growth, from 8,900 merchants in December 2023 to over 12,000 in December 2024.
Binance Pay is a contactless, borderless, and secure cryptocurrency payment feature available on the Binance app, allowing users and merchants to send and receive crypto payments worldwide instantly, without incurring gas fees. It supports over 300 cryptocurrencies for peer-to-peer payments and more than 90 for merchant payments.
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