To further expand its crypto payment system, Binance has teamed up with crypto payment service provider, TripleA. The new partnership will create a global payment system integrated into the Binance Pay mobile app.
Accordingly, the new deal would help expand the use of Binance Pay and crypto payments in particular.
While commenting on the new development, the regional head of business development at Binance Pay, Pakning Luk, revealed:
“Binance Pay is on a mission to provide businesses and customers with a seamless and secure crypto payment experience.”
Binance Pay is Making a Difference
The firm is among the best among others, with its unmatched payment features that enhance users’ experience. In addition, Binance Pay is building on the vision of its parent company by providing support to users in the transaction of digital assets.
Moreover, Eric Barbier, CEO of TripleA, echoed the sentiments of Binance Pay’s officials. Barbier notes that Binance Pay has experienced a surge in demand for crypto payments, and TripleA is there to play its part.
He added that the company has plans for the rising demand for cryptocurrency payments and will be ready to make it seamless for Binance Pay.
Aside from Binance Pay, another retail business to adopt the crypto payment gateway is Novelship. Novelship is Asia’s leading online marketplace for limited-edition products. The retail company deals with footwear and other collectibles popular with Gen Z.
The Demand for Crypto Payments is Rising
The latest news comes after Mastercard announced a deal with Mercado Libre, Latin America’s foremost e-commerce company. Mastercard aims to enhance the security and validity of its crypto project in Brazil.
Using Mastercard’s CypherTrace technology, the e-commerce firm would be able to handle its regulatory and compliance issues.
In another development, Stripe has reversed the previously halted Bitcoin payment. The payment service provider inks a deal with OpenNode, a cryptocurrency startup firm.
The new partnership will enable Stripe users to accept payment in Bitcoin via an app. In addition, the users would be able to convert incoming funds and another amount in their balance into Bitcoin.
Meanwhile, Binance is pushing for global dominance, as is evidenced by the strategic partnership with other solution providers. The crypto exchange is the leading service provider in the industry and has continued to team up with various business entities and countries.
It has captured part of the European market, along with the Middle East region. The company has had a good relationship with regulators in the Gulf region, who have since approved its license.
Moreover, its Binance Pay services are now available in all the countries it does business with, and more are on the way.
Changpeng Zhao, Binance CEO, is currently on a working visit to many Southeast Asian countries, like Vietnam, the Philippines, and Malaysia. The CEO wants to expand the adoption of crypto and blockchain technology and stamp its place in the Asian space.