Binance Pay, a payment solution, has partnered with xMoney, a blockchain payment provider, to expand crypto payment options in Europe.
With the help of this partnership, Binance Pay customers can make cryptocurrency payments to more than 20,000 companies, including those in e-commerce, luxury goods, travel, and gaming. This partnership also aims to make crypto payments faster, cheaper, and simpler for buyers and sellers.
Jonathan Lim, Global Head of Binance Pay, emphasized that this move comes as crypto payments are becoming more common in daily life, including for travel and government services. He added that the partnership helps bring real-world value to users by making crypto transactions more secure and convenient.
The merchant network of the xMoney covers industries like luxury retail, gambling, travel, real estate, and public services. It also collaborates with government clients like the City of Lugano and Liechtenstein’s National Administration, enabling citizens to pay for public services using Bitcoin.
xMoney Global CEO Greg Siourounis said that partnering with Binance Pay helps connect blockchain with traditional finance, giving users more options and flexibility in their transactions.
xMoney follows the EU’s MiCA regulations, ensuring a secure and trusted environment for crypto transactions, giving both merchants and users peace of mind.
With this partnership, Binance Pay’s network now includes over 32,000 businesses worldwide. The platform has grown significantly, increasing from 8,900 merchants in December 2023 to over 12,000 by December 2024—a 36% year-over-year rise.
This growth highlights Binance Pay’s commitment to expanding crypto payment options, making it easier to use digital currencies for travel, luxury goods, and everyday purchases.
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