Binance Pay Partners With Credencial Payments
To Bring Crypto Payments To Users.
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Binance Pay Partners with Credencial Payments
(Tuesday 08 June 2023 17:15 IST)
Binance Pay, the contactless, borderless, and secure cryptocurrency payment feature by Binance, has partnered with Credencial Payments, a leading payment processor in Latin America. Under the partnership, businesses will be able to accept Binance Pay as a new means of payment.
Binance Pay, one of the leading cryptocurrency payment platforms, has recently announced a strategic partnership with LATAM-based Credencial Payments. This collaboration aims to provide users with the ability to make real-time payments using cryptocurrencies. By integrating Binance Pay into Credencial Payments’ infrastructure, businesses will gain a new avenue to accept digital assets as a form of payment.
With this partnership, customers will enjoy the convenience of paying with cryptocurrencies through Credencial Payments, which will handle the conversion to local currencies. Whether it’s in face-to-face transactions or online commerce, users can make seamless payments using Binance Pay, expanding the options available to both businesses and consumers.
Ignacio Szperling, Strategy Manager at Credencial Payments, commented: “The agreement with Binance will allow us to bring the best of the crypto world closer to the traditional one, promoting new means of payment and simplifying operations of buying and selling products (and services) both for businesses as well as for consumers ”.
The partnership with Credencial Payments is part of Binance Pay’s ongoing expansion into new markets. The company recently announced partnerships with Splyt, a superapp enabler with a network of partners in over 150 countries, and TripleA, a global cryptocurrency payment gateway.
With these partnerships, Binance Pay is well-positioned to become a leading provider of cryptocurrency payments for businesses and consumers around the world.
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Benefits Of Binance Pay For Consumers
1.More payment options: Binance Pay gives consumers more options to pay for goods and services. They can use their favorite cryptocurrencies, such as Bitcoin, Ethereum, and Binance Coin, to pay at participating merchants.
2.Convenient and secure payments: Binance Pay offers a convenient and secure way to pay for goods and services. Customers can use their cryptocurrencies to pay at participating merchants without having to worry about exchange rates or transaction fees.
3.Improved privacy: When customers pay with Binance Pay, their personal information is not shared with the merchant. This can help protect their privacy.
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Benefits Of Binance Pay For Businesses
- Increased customer reach: By accepting Binance Pay, businesses can reach a wider range of customers, including those who are already using cryptocurrencies and those who are interested in trying them out.
- Reduced transaction fees: Binance Pay charges lower transaction fees than traditional payment methods, such as credit cards and debit cards. This can help businesses save money on processing costs.
- Improved customer experience: Binance Pay offers a more convenient and secure way for customers to pay for goods and services. Customers can use their favorite cryptocurrencies to pay at participating merchants without having to worry about exchange rates or transaction fees.
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FAQ
Binance is one of the largest cryptocurrency exchanges in the world. It was founded in 2017 by Changpeng Zhao (CZ) and is headquartered in Malta, although it operates globally. Binance offers a platform for individuals and institutions to trade a wide range of cryptocurrencies.
Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology designed by Binance. It allows users to shop with crypto or send crypto to friends and family worldwide. Binance Pay is currently available in over 100 countries and regions.
To use Binance Pay, users need to create a Binance account and add a supported cryptocurrency to their wallet. Once they have done this, they can scan a QR code at a participating merchant or enter the merchant’s ID to make a payment. Binance Pay transactions are usually confirmed instantly.
Credencial Payments is a leading Latin American technology company that provides innovative payment solutions to Fintechs, banks, retailers, businesses, and governments. The company has a presence in more than 15 countries and has been in operation for over 40 years.
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Conclusion
The partnership between Binance Pay and Credencial Payments is a significant development for the cryptocurrency industry. It will help to bring crypto payments to a wider audience and make them more accessible to businesses and consumers
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