Binance Pay x Lyzi Partnership Taking Crypto Payments to the Next Level in Europe

Article Source

Payments are one of crypto’s biggest and earliest use cases, and our new partnership with Lyzi is helping to achieve this goal in more locations. While many use crypto as an investment, it’s also a great way to transfer value globally with minimal fees and short transaction times. Now, anyone with a Binance account will have access to an even wider range of crypto payment options with Lyzi’s merchants across Europe.

What Is Lyzi?

Lyzi is a crypto-native app that has joined forces with Binance to launch an enhanced and optimized version of its crypto payment solution, with cashback on every purchase. Lyzi’s ambition is to democratize the usage of crypto-assets by integrating merchants that offer different types of services and products from daily life purchases (e.g., bakeries, supermarkets, doctors) to more specific goods (e.g., car dealers, jewelry shops, etc.). 

What Does the New Partnership Mean?

Binance Pay users will be able to use the solution in every store of Lyzi’s network of merchants that are displayed in the Lyzi App. The interactive map will be updated every time a new merchant joins the network. This partnership means that Binance users will have more places and opportunities to use their cryptos for their own purchases in Europe. The Lyzi App is also available in English and can be used by every user who passed the KYC on Binance.

How Do I Use Binance Pay x Lyzi?

Step 1: Connect your Binance Pay account to the Lyzi App 

Download the Lyzi App (available on the App Store and Google Store) and create an account on Lyzi with your email. Next, connect your Binance account.

Step 2: Purchase at a merchant of Lyzi’s network 

All the merchants are displayed on the Lyzi App. You can find them on the interactive map.

When making a purchase, the merchant will enter the required amount in EUR and a QR code will be generated.

Step 3: Scan the generated QR Code

Open your Lyzi App and Scan the QR code.

Step 4: Validate the payment with Binance Pay

Once the QR is scanned, you will be redirected to the Binance App and the process of payment with Binance Pay will automatically start. On the Binance App, the user will be able to select the cryptocurrency of their choice (up to 50) and validate the payment.