- Binance
Pay has teamed up with xMoney to expand crypto payment options across
Europe.
-
The
collaboration aims to provide faster, cheaper, and more user-friendly payment
solutions for businesses and consumers.
Binance Pay, the secure cryptocurrency
payment platform by Binance, has announced a partnership with xMoney, a
prominent web3 payment solution in Europe. This collaboration is designed to
simplify crypto transactions, enabling direct payments from Binance accounts
while connecting users to xMoney’s extensive merchant network.
xMoney is renowned for its innovative
payment ecosystem, leveraging cutting-edge technology and strict compliance
measures. As a Mastercard principal member with strategic European licenses,
xMoney is at the forefront of digital payment innovation.
Through this partnership, Binance Pay users
gain access to a wide range of merchants across industries such as luxury
goods, gaming, travel, and e-commerce. By eliminating the need for traditional
on-chain transactions, the collaboration ensures faster, more cost-effective,
and seamless payment experiences for both buyers and sellers.
Statements from Leadership
Jonathan Lim, Global Head of Binance Pay,
commented:
“This partnership with xMoney marks a
pivotal moment as cryptocurrency gains traction in mainstream commerce. The
ability to use crypto for luxury purchases, travel, and even government
services highlights its growing practicality in everyday transactions. Together
with xMoney, we’re delivering secure, efficient, and accessible payment
solutions that meet the evolving needs of users.”
Greg Siourounis, CEO of xMoney Global
“Our collaboration with Binance Pay
represents a significant step in bridging blockchain technology with
traditional finance. By integrating Binance Pay, we’re expanding our ecosystem
and offering users greater flexibility in how they transact. This partnership
reflects our commitment to innovation and enhancing the payment experience for
merchants and customers alike.”
Expanding Merchant Networks
The partnership has significantly expanded
Binance Pay’s merchant network, which now includes over 32,000 businesses. This
marks a 36% year-over-year increase, with the number of merchants growing from
8,900 in December 2023 to over 12,000 by December 2024.
xMoney’s robust network spans more than
20,000 businesses across Europe, including sectors like real estate, gaming,
and e-commerce. Notably, government entities such as Lugano and the
Principality of Liechtenstein’s National Administration also accept crypto
payments for public services, reflecting the growing adoption of digital
currencies in both private and public sectors.
By combining xMoney’s compliance-focused
framework with Binance Pay’s user-friendly platform, the collaboration aims to
drive broader cryptocurrency adoption while ensuring secure and efficient
transactions.
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