- Summary:
- This partnership connects Binance Pay users to over 20,000 merchants, simplifying cryptocurrency transactions across industries.
Binance Pay, a secure and seamless cryptocurrency payment solution designed by Binance, has announced a partnership with xMoney, a leading web3 payment solution in Europe, to expand access to crypto payments for businesses and consumers. The partnership connects Binance Pay users to xMoney’s network of merchants, streamlining transactions by enabling direct payments from Binance accounts and simplifying the payment process.
This collaboration provides Binance Pay users with seamless access to a diverse range of merchants, including luxury, gaming, travel, and e-commerce, offering greater flexibility in how and where they use cryptocurrency. By removing the need for traditional on-chain transactions, the partnership ensures faster, cost-effective, and user-friendly payment experiences for both consumers and merchants.
Jonathan Lim, Global Head of Binance Pay, commented: “This collaboration between Binance Pay and xMoney comes at a pivotal moment as 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. By partnering with xMoney, we are delivering a practical use-case for crypto, meeting the growing demand for secure, efficient, and accessible payment solutions.”
xMoney’s merchant network spans over 20,000 businesses across industries such as luxury goods, travel, gaming, real estate, and e-commerce, with a strong presence across Europe. The network also includes government clients like the City of Lugano and the National Administration of the Principality of Liechtenstein, where citizens can pay for government services in crypto. This diverse merchant base highlights the growing adoption of cryptocurrency in both commercial and public sectors across the region.
Greg Siourounis, CEO of xMoney Global, added: “Partnering with Binance Pay is a significant step in revolutionizing 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. This collaboration underscores our commitment to innovation and enhancing the payment experience for our merchants and their customers.”
With xMoney’s strong focus on compliance, the partnership leverages a trusted and regulated framework to support cryptocurrency adoption, providing a secure and trusted framework for cryptocurrency transactions.
With the partnership with xMoney, Binance Pay’s merchant network has grown to over 32,000, marking a significant milestone in its development. This growth builds on a 36% year-over-year increase, rising from over 8,900 merchants in December 2023 to over 12,000 by December 2024. The continued expansion demonstrates Binance Pay’s commitment to providing users with diverse opportunities to use cryptocurrency for everyday purchases, from travel bookings to luxury goods, aligning with the growing demand for practical and accessible digital payment solutions.
About Binance Pay
Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring gas fees for using crypto. The platform supports over 300 cryptocurrencies for peer-to-peer payments, over 80 cryptocurrencies for merchant payments and serves millions of users and thousands of merchants worldwide.
About xMoney
xMoney is a trailblazer in the payments industry, combining the latest technology with robust compliance to deliver a secure and forward-thinking payments ecosystem. As a Mastercard principal member with strategic European licenses, xMoney continues to drive innovation in the digital payments landscape.