#EGLD #multiversex #Xportal

Main TakeawaysBinance Pay has partnered with xMoney, a leading Web3 payment provider in Europe.  The partnership simplifies payments for luxury goods, travel, gaming, and even public services for Binance Pay users, enabling over 20,000 businesses in the xMoney’s merchant network to accept cryptocurrency directly. Operating under MiCA regulations, xMoney expands Binance Pay’s total global merchant network to over 32,000 businesses, promoting secure and innovative payment solutions.Binance Pay, the secure and seamless cryptocurrency payment solution designed by Binance, has joined forces with xMoney, a leading Web3 payment provider in Europe, to redefine the crypto payment landscape. This strategic partnership connects Binance Pay users to xMoney’s extensive merchant network, enabling over 20,000 businesses to accept cryptocurrency directly, streamlining transactions across various industries such as luxury goods, travel, gaming, and e-commerce.Breaking Barriers in Crypto PaymentsThe partnership ensures faster, cost-effective, and user-friendly payment experience for both consumers and merchants. Binance Pay users can now seamlessly access a wide array of services and products, further empowering cryptocurrency’s integration into everyday transactions.Jonathan Lim, Global Head of Binance Pay, highlighted the partnership’s significance: “This collaboration between Binance Pay and xMoney comes at a pivotal moment 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 demonstrates how digital currencies are becoming a practical tool for everyday transactions.”Lim added that by partnering with xMoney, Binance Pay is helping leverage blockchain technology to bring real-world value to users, meeting the growing demand for secure, efficient, and accessible payment solutions.A Diverse Merchant NetworkxMoney’s extensive merchant network spans industries as varied as luxury retail, gaming, travel, real estate, and public services. Additionally, xMoney supports government clients such as the City of Lugano and the National Administration of the Principality of Liechtenstein, where citizens can pay for public services using cryptocurrency. This diverse network underscores the growing adoption of crypto across commercial and public sectors throughout Europe.Greg Siourounis, CEO of xMoney Global, commented on the partnership: “Partnering with Binance Pay is a significant step in building the bridge 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 with Compliance and GrowthxMoney operates within a trusted and regulated framework, complying fully with the EU’s MiCA regulations. This strong focus on compliance ensures a secure environment for cryptocurrency transactions, providing peace of mind to merchants and users alike.With this partnership, Binance Pay’s merchant network has grown to over 32,000 businesses globally, marking a significant milestone in its development. This expansion builds on a remarkable 36% year-over-year growth, rising from over 8,900 merchants in December 2023 to over 12,000 by December 2024.The continued growth reflects Binance Pay’s dedication to enabling diverse opportunities for cryptocurrency use, from booking travel to purchasing luxury goods, aligning with the increasing demand for practical, accessible, and innovative digital payment solutions.Binance Pay is a contactless, borderless, and secure cryptocurrency payment feature available on the Binance App. It allows users and merchants to send and receive crypto payments worldwide instantly without incurring gas fees. Supporting over 300 cryptocurrencies for peer-to-peer payments and more than 90 for merchant payments, Binance Pay serves millions of users and thousands of merchants globally.Further ReadingCircle and Binance Form a Strategic Partnership to Accelerate Global USDC and Crypto Adoption. DeFi Access, Simplified: Binance Pay’s One-Click Deposit FeatureBinance Wallet: A Seamless Journey into Web3