Binance Pay has announced a partnership with xMoney, a Web3 payment provider in Europe. This collaboration aims to enhance cryptocurrency accessibility across the continent by allowing over 20,000 businesses in xMoney's merchant network to accept cryptocurrency directly. The integration simplifies payments for various sectors, including luxury goods, travel, gaming, and public services.
Jonathan Lim, Global Head of Binance Pay, said: "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."
xMoney operates under MiCA regulations and expands Binance Pay’s global merchant network to over 32,000 businesses. Greg Siourounis, CEO of xMoney Global, commented: "Partnering with Binance Pay is a significant step in building the bridge between blockchain and traditional finance. By integrating Binance Pay, we’re expanding our ecosystem and offering our users even more flexibility and choice in how they transact."
The partnership promises faster and cost-effective payment experiences while ensuring compliance with EU regulations. This development reflects growing adoption of cryptocurrency in both commercial and public sectors throughout Europe.