To further drive the acceptance of cryptocurrencies in exchange for goods and services, GoCrypto, a solution allowing merchants to accept, store, withdraw and buy digital assets, has announced the integration of Binance Pay into its system.
This partnership is expected to give crypto adopters more options to use crypto as the mainstream means of payment as they are intended to be.
The GoCrypto solution, developed by Elly, a fully regulated company, is currently available in 64 countries and is expanding to new markets as regulations evolve and allow.
GoCrypto enables online and brick-and-mortar merchants to accept instant payments with various crypto wallets.
The integration of Binance Pay into the GoCrypto payment network enables millions of Binance app users to use 40+ Binance Pay-supported cryptocurrencies at thousands of GoCrypto locations around the world.
Elly, the GoCrypto developer, also presented the multichain bridge for its native GoC token, which enables migrations between the SLP protocol on the Bitcoin Cash blockchain and Binance Smart Chain (BSC).
GoCrypto has already made its home country, Slovenia, the global leader in the number of brick-and-mortar shops and services accepting payments with crypto wallets.
“The interest in crypto use is growing daily, and our solution enables crypto adopters to use the currencies as they were intended — as a highly practical means of payment. The connection between our system and the users of Binance will bring crypto usability and adaptability further along. The integration of Binance Pay into the GoCrypto network means instant accessibility of GoCrypto locations to tens of millions of Binance users, and so much more. It is a strong sign of the digital era. Newer, better, and faster payment options optimize the merchants’ costs and enhance their cash-flow,” Elly’s CEO, Dejan Roljic stated
Commenting on the partnership, Changpeng “CZ” Zhao, CEO and co-founder of Binance, said:
“The ultimate goal of cryptocurrencies is to provide not just an alternative asset class for investors but to provide alternatives to fiat currencies for everyday purchases. In partnering with GoCrypto, Binance Pay takes a step forwards in helping to bridge the gap between conventional financial systems and the crypto ecosystem making crypto adoption for payments significantly easier.”
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