- Users of Binance Pay now have more options than ever before for where and how they may spend crypto.
- Faster, cheaper, and more user-friendly payment experiences for buyers and sellers are ensured by the cooperation.
To further increase the accessibility of cryptocurrency payments for both businesses and consumers, Binance Pay—Binance’s secure and easy cryptocurrency payment solution—announced a collaboration with xMoney, a prominent web3 payment solution in Europe. This agreement streamlines transactions by allowing direct payments from Binance accounts and simplifies the payment process. It links Binance Pay customers to xMoney’s network of merchants.
When it comes to secure, innovative payment ecosystems, xMoney is at the forefront of innovation, thanks to its innovative use of cutting-edge technology and stringent compliance measures. With its strategic European licenses and status as a Mastercard principal member, xMoney is at the forefront of digital payment innovation.
Users of Binance Pay now have more options than ever before for where and how they may spend crypto, thanks to this partnership with a wide variety of merchants in the luxury, gaming, travel, and e-commerce sectors. Faster, cheaper, and more user-friendly payment experiences for buyers and sellers are ensured by the cooperation by doing away with the need for conventional on-chain transactions.
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 has a robust merchant network in Europe, including over 20,000 businesses in the travel, gaming, real estate, and e-commerce sectors, among others. Lugano and the Principality of Liechtenstein’s National Administration are among the network’s government customers that accept cryptocurrency payments for public services. The broad merchant base in this region is a testament to the increasing use of cryptocurrencies in both private and public sectors.
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.”
By combining xMoney’s dedication to compliance with a regulated and trustworthy framework, the cooperation facilitates the adoption of cryptocurrencies and ensures the safety of cryptocurrency transactions.
An important step forward in Binance Pay’s growth has been the expansion of its merchant network to over 32,000 via the cooperation with xMoney. With a rise of 36% year-over-year, the number of merchants have increased from 8,900 in December 2023 to over 12,000 in December 2024. As the need for convenient and easy-to-use digital payment solutions continues to rise, Binance Pay is showing its dedication to its users by offering a wide range of cryptocurrency-based payment options for everything from everyday purchases to high-end items.
