INTEGRATION OF BINANCE WITH CRIXTOPAY...🌐💸
🌐 The integration between CRIXTO Pay and Binance Pay focuses on facilitating cryptocurrency payments in Venezuela, mainly using USDT.
💵 Main Operation.. When a customer pays using USDT through Binance Pay at a store that uses CRIXTO, CRIXTO automatically converts that amount to bolívares in real-time.
🔍 Unfortunately, I have not found an official and detailed list of the specific fees that CRIXTO Pay charges for transactions separating BTC and USDT when using Binance Pay.
💵 Regarding USDT.. It can be said that when using CRIXTO Pay to convert USDT to bolívares, the exchange rate offered may be approximately 7% less favorable than the P2P market rate of Binance at that moment. This acts as an implicit cost for the convenience of the service.
✅ A customer can also pay with BTC (Bitcoin) through Binance Pay at a store affiliated with CRIXTO Pay.
🔗 The integration between CRIXTO Pay and Binance Pay allows users to make payments using various cryptocurrencies supported by Binance Pay.
🏦 This means that the customer sends BTC from their wallet (probably through Binance) and the store receives the equivalent in local currency, facilitating daily transactions.
🏦 For the Merchant.. The converted funds are deposited directly into the merchant's bank account, eliminating intermediaries and delays in manual conversion.
🧾 Compliance and Legality.. CRIXTO generates a legal invoice for each transaction, ensuring traceability and security. Additionally, they seek to operate with an exchange rate consulted with the National Superintendency of Crypto Assets (Sunacrip).
⚖️ Advantages.. This integration helps merchants avoid problems with cash handling and the Tax on Large Financial Transactions (IGTF), making cryptocurrencies usable in everyday life.
$USDT
