Binance Pay has recently forged a strategic alliance with xMoney, a prominent European Web3 payment service provider, as stated in an official release on February 3rd. This collaboration aims to enhance cryptocurrency accessibility throughout Europe, offering consumers and merchants a swift, cost-effective, and user-friendly payment solution. Through this partnership, Binance Pay users can effortlessly engage with a broader array of services and products, thereby fostering cryptocurrency adoption in everyday transactions.
Moreover, xMoney’s extensive merchant network, which encompasses over 20,000 businesses, will now have the capability to accept cryptocurrency directly. Notably, xMoney operates under the Markets in Crypto-Assets (MiCA) regulation, which expands Binance Pay’s merchant footprint to more than 32,000 worldwide businesses. This development is expected to further promote secure and innovative payment solutions within the growing cryptocurrency landscape.