Binance Pay cooperates with Xmoney to expand crypto payment services in Europe. The alliance focuses on expanding Binancepay’s trader network. The partnership provides an extremely safe environment for crypto payments and transactions.
Binance Pay is entering Europe through Xmoney!
Binance, the leading crypto exchange, announced the strategic alliance with Binancepaay’s Europe’s leading Blockchain Payment Solution Provider Xmoney. The company aims to bring its users to a wide trader using Xmoney’s solid payment infrastructure. Thus, this move is expanding Binancepay’s payment ecosystem throughout Europe. The partnership predicts the increasing demand for safe, efficient and easily accessible payment solutions. Referring to the importance of the initiative, Binancepay Global President Jonathan Lim said:
This cooperation between Binance Pay and Xmoneey coincides with a very important period in which crypto currency began to be adopted in mainstream trade and public services. Luxury goods, travel and even government services to pay with crypto, digital currencies have become a practical tool for daily transactions.
Partnership will enable the seller network to expand
This move focuses on expanding Binancepay’s trader ecosystem as well as creating a better crypto payment environment. XMoney’s Trader Network covers various fields such as luxury individual, game, travel, real estate and public services, while Binance Pay’s connections can significantly increase. The cooperation with Xmoney has delivered the trader network of the payment platform to more than 32,000 businesses worldwide. This points to a significant milestone in the growth orbit of the company. This expansion underlines the accelerated growth of the platform.
XMoney CEO Greg Siourounis said that the partnership will enlarge the platform and provide more flexibility to customers. “Partnership with Binancepay is an important step in building the bridge between Blockchain and traditional finance, CE CEO said. he said. Another important development that the Binance ecosystem has recently witnessed was the re -branding of Binance Lab as Yzi Labs. This change reflects the plan to shift the focus of the investment company to investments and to create a separate identity from the Binance brand.
Binance Pay gives priority to compliance
XMoney Fits the EU’s Mica arrangements, while Binance Pay partnership provides an extremely safe environment for crypto payments and operations. This joint initiative becomes very important because the French inspectors have come immediately after the judicial investigation into the accusations against Binance. Moreover, the joint project operates within a reliable framework with the strong legal compliance of Xmoney. This frame encourages the adoption of the crypto currency and provides a safe environment for crypto transactions.
