Binance Pay has partnered strategically with xMoney, a blockchain payment solution provider.
This collaboration is set to enhance accessibility to crypto payment services and bolster the adoption of digital currencies in mainstream commerce.
The partnership expands Binance Pay’s global merchant network to over 32,000 businesses, integrating xMoney’s robust infrastructure to facilitate secure and seamless transactions. xMoney, known for adhering to the EU’s MiCA regulations, operates in sectors like luxury retail, travel, gaming, real estate, and public services. This expansion aligns with the region’s growing demand for efficient and secure payment solutions.
Jonathan Lim, Global Head of Binance Pay, highlighted the transformative potential of the partnership.
“This collaboration between Binance Pay and xMoney comes at a pivotal moment when 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.”
he said.
The alliance represents a significant milestone in Binance Pay’s growth strategy, which has already recorded a 36% year-over-year increase. Integrating xMoney’s merchant network is expected to drive further expansion, creating a broader ecosystem for crypto payments.
xMoney CEO Greg Siourounis emphasized the partnership’s role in bridging blockchain and traditional finance. He also added that the collaboration allows xMoney to provide greater flexibility to customers while advancing the integration of blockchain technology into conventional financial systems.
Similarly, Binance is diversifying its ecosystem through a partnership and expanding its investment focus for 2025. Binance Labs will now prioritize biotech in addition to its interests in crypto, blockchain, and AI. The firm also includes secondary market transactions, OTC deals, and emerging opportunities. They remain committed to fostering innovation in various sectors and are optimistic about a rebound in gaming, ZK technology, and privacy solutions, which faced challenges in 2024.
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