The administration of the largest crypto exchange Binance has officially introduced its payment system.
As the RBC agency clarifies, we are talking about the Binance Pay service, which is already available to all users of the trading platform through a mobile offer. In any country in the world, it will be possible to pay with cryptocurrency in a store through this service, representatives of the exchange emphasized.
According to Binance CEO Changpeng Zhao, the implementation of the service is part of his team's ambitious plan for long-term business development.
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Back in February 2021, Binance Pay became available for payments in test mode. Approximately 250,000 clients of the platform were able to try them out. It will be possible to use this service both in stores and in any entertainment establishments.
The Binance exchange periodically announces the integration of additional options, allowing its customers to make more transactions. For example, at the end of last year, the platform activated support for Bitcoin deposits for SegWit addresses.