- Binance Pay and web3 payments provider xMoney have partnered to advance crypto payments in Europe.
- The strategic partnership will leverage blockchain technology to bring pay with crypto to over 20,000 businesses in the EU.
- Users will have access to crypto payments across luxury goods, real estate, e-commerce, travel and gaming among other merchant offerings.
Binance Pay, a payments solution by leading crypto exchange Binance, is teaming up with web3 payments platform xMoney to expand use of crypto in payments across Europe.
The Binance Pay team revealed the strategic partnership with xMoney on February 3, 2025.
In this agreement, Binance Pay will leverage xMoney’s regulatory approval as a Makets in Crypto Assets (MiCA) licensed platform to bring crypto payments to over 20,000 businesses in the region.
xMoney integration brings Binance Pay’s network of supported merchants to more than 32,000. Binance Pay’s merchant count stood at 12,000 in Dec. 2024, a figure that represented a 36% year over year increase from 9,800 in Dec. 2023.
Starting 2025 with a BANG 💥
From now on, buyers can use @Binance Pay to complete their payments on xMoney!
This means faster, safer, and simpler payments with over 90+ different #cryptocurrencies available.
No extra steps for merchants — just more ways to keep customers happy… pic.twitter.com/jORAdqYhtn
— xMoney.com (@xMoney_com) February 3, 2025
Harnessing benefits of blockchain technology
Users will be able to pay with crypto via Binance Pay for things like e-commerce, luxury goods, travel, real estate and gaming.These merchant services and more are part of xMoney’s growing merchant network. Other clients include the the City of Lugano and the National Administration of the Principality of Liechtenstein.
Compliance with the EU’s MiCA adds to the potential for this base to grow further.
Jonathan Lim, global head of Binance Pay, commented on the partnership:
“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.”
According to Lim, this collaboration taps into the benefits of blockchain technology to enable real-world value for merchants and customers. Security, efficiency and accessibility are some of the key benefits available to users and businesses.
“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,” said Greg Siourounis, chief executive officer, xMoney Global.
The post Binance Pay partners xMoney to expand crypto payments across Europe appeared first on CoinJournal.
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