{"id":365353,"date":"2025-02-03T18:33:47","date_gmt":"2025-02-03T13:03:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=365353"},"modified":"2025-02-03T18:33:47","modified_gmt":"2025-02-03T13:03:47","slug":"binance-pay-partners-xmoney-to-drive-crypto-growth-in-europe-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-pay-partners-xmoney-to-drive-crypto-growth-in-europe-crypto-news\/","title":{"rendered":"Binance Pay Partners XMoney To Drive Crypto Growth in Europe – Crypto News"},"content":{"rendered":"

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In a surprising development, Binance Pay, the payment subsidiary of the leading cryptocurrency exchange Binance, has joined hands with xMoney, a blockchain payment solution provider. The strategic collaboration envisions enhancing crypto payment accessibility for customers across the European market.<\/p>\n

Notably, this alliance expands the payment platform\u2019s global merchant network to over 32,000 businesses, with xMoney operating in compliance with MiCA regulations. The development aims to foster secure and innovative payment solutions, solidifying the firm\u2019s leading role in the global payment network.<\/p>\n

Binance Pay Establishes in Europe via xMoney<\/h2>\n

In an official blog post, Binance announced Binance Pay\u2019s strategic alliance<\/a> with xMoney, a prominent blockchain payment solution provider in Europe. Using xMoney\u2019s robust payment infrastructure, the firm intends to link its users with a vast network of merchants. Thereby, the move expands Binance Pay\u2019s payment ecosystem across Europe.<\/p>\n

Notably, the partnership envisions addressing the growing demand for secure, efficient, and easily accessible payment solutions. Elaborating on the venture\u2019s significance, Jonathan Lim, Global Head of Binance Pay stated:<\/p>\n

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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.<\/p>\n<\/blockquote>\n

Partnership to Expand Merchant Network<\/h2>\n

In addition to creating a better crypto payment environment, the move also focuses on expanding Binance Pay\u2019s merchant ecosystem. While xMoney\u2019s merchant network spans diverse areas including luxury retail, gaming, travel, real estate, and public services, it could significantly drive Binance Pay\u2019s connections.<\/p>\n

Significantly, association with xMoney has propelled the payment platform\u2019s merchant network to over 32,000 businesses globally. This marks a notable milestone in the firm\u2019s growth trajectory. The expansion underscores the platform\u2019s accelerated growth, with the platform already achieving a notable 36% year-over-year increase in its development.<\/p>\n

xMoney CEO Greg Siourounis stated that the partnership will enable the platform to expand and provide customers with greater flexibility. The CEO added, \u201cPartnering with Binance Pay is a significant step in building the bridge between blockchain and traditional finance.\u201d<\/p>\n

Another important development that the Binance ecosystem witnessed recently was Binance Lab\u2019s rebranding to YZi Labs<\/a>. This change reflects the investment firm\u2019s plan to shift its focus towards investments and establish a distinct identity separate from the Binance brand.<\/p>\n

Binance Pay Prioritizes Compliance<\/h2>\n

While xMoney fully adheres to the EU\u2019s MiCA regulations, the Binance Pay partnership ensures a highly secured environment for crypto payments and transactions. This joint venture becomes crucial as it comes on the heels of the French investigators\u2019 judicial probe<\/a> into charges against Binance.<\/p>\n

Moreover, the collaborative project operates within a trusted framework, with xMoney\u2019s strong regulatory compliance. This framework fosters cryptocurrency adoption and provides a secure environment for crypto transactions.<\/p>\n

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Nynu V Jamal <\/p>\n<\/p><\/div>\n

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content. <\/p>\n<\/p><\/div>\n

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n

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In a surprising development, Binance Pay, the payment subsidiary of the leading cryptocurrency exchange Binance, has joined hands with xMoney, a blockchain payment solution provider. The strategic collaboration envisions enhancing crypto payment accessibility for customers across the European market. Notably, this alliance expands the payment platform\u2019s global merchant network to over 32,000 businesses, with xMoney […]<\/p>\n","protected":false},"author":2,"featured_media":365359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-365353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=365353"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365353\/revisions"}],"predecessor-version":[{"id":365363,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365353\/revisions\/365363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/365359"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=365353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=365353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=365353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}