Binance Pay and xMoney Partnership Expands Crypto Payments Across Europe
Binance Pay has partnered with xMoney, a leader in web3 payment solutions in Europe. Announced on February 3, 2025, this collaboration aims to bridge the gap between digital currency users and a network of over 20,000 merchants, dramatically enhancing the utility and accessibility of crypto payments across the continent.Simplifying Transactions Across Key IndustriesThis partnership connects Binance Pay users to over 20,000 merchants, streamlining cryptocurrency transactions across various industries, including luxury, travel, and gaming. The integration enables direct payments from Binance accounts, simplifying the process and offering users a seamless transaction experience. By eliminating the need for traditional on-chain transactions, Binance Pay and xMoney ensure faster, cost-effective, and more user-friendly payment solutions, benefiting both consumers and businesses.Leadership Commentary on the PartnershipJonathan Lim, the Global Head of Binance Pay, remarked on the strategic timing and significance of this partnership, "This collaboration between Binance Pay and xMoney comes at a pivotal moment as 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. By partnering with xMoney, we are delivering a practical use-case for crypto, meeting the growing demand for secure, efficient, and accessible payment solutions."Diverse and Strategic Merchant NetworkxMoney's merchant network is extensive, encompassing luxury goods, travel, gaming, real estate, and e-commerce, with notable clients like the City of Lugano and the National Administration of the Principality of Liechtenstein. These partnerships allow citizens to pay for government services using cryptocurrencies, showcasing the growing adoption of digital currencies in both the commercial and public sectors.Comments from xMoney's CEOGreg Siourounis, CEO of xMoney Global, emphasized the revolutionary impact of the partnership, "Partnering with Binance Pay is a significant step in revolutionizing 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. This collaboration underscores our commitment to innovation and enhancing the payment experience for our merchants and their customers."Regulatory Compliance and SecurityWith a strong focus on compliance, the partnership leverages a trusted and regulated framework to support cryptocurrency adoption securely and reliably.About Binance Pay and xMoneyBinance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature within the Binance App, supporting over 300 cryptocurrencies for peer-to-peer payments and over 90 for merchant transactions. xMoney, known for its robust compliance and innovative payment solutions, is a Mastercard principal member and holds strategic European licenses, driving forward the integration of blockchain technology with traditional financial services.
