On its payment processing platform CoinGate, a prominent cryptocurrency payment processor, has announced that it now allows businesses to accept payments from Binance Pay customers.
The integration of Binance Pay with CoinGate is a straightforward payment processing alternative for businesses globally that meet specific industry and regional criteria.
When the Binance Pay functionality is enabled, customers of CoinGate-powered businesses have additional payment alternatives and more convenience, as they may spend their preferred cryptocurrency straight from their Binance wallets.
Justas Paulius, the CEO of CoinGate, is sure that this alliance will increase crypto adoption: “Our objective has always been to promote crypto usage in every manner possible.”
By default, you may use the established channels to integrate Binance Pay with CoinGate; API access will be available shortly. Binance Pay charges a 0.3% fee on all payments made beyond the first three months unless the user cancels the service.
With this improvement to CoinGate’s services, businesses can now accept payments through the widely-used cryptocurrency app, expanding the variety of payment methods available to their customers.
Given the growing popularity of digital assets, this enhancement marks a significant step towards standardizing businesses’ acceptance of crypto payments.
The integration of Binance Pay is a significant step towards ushering in a new era for businesses ready to embrace future financial innovations. Interestingly, CoinGate said in January that crypto payments in eCommerce will increase by more than 60 percent in 2022.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.