Binance Pay and xMoney Partner to Advance Crypto Payments in Europe
- Binance Pay and web3 payments provider xMoney have joined forces to enhance crypto payments in Europe.
- The partnership aims to utilize blockchain technology to introduce crypto payments to over 20,000 businesses in the EU.
- Users will gain access to crypto payments for luxury goods, real estate, e-commerce, travel, gaming, and more.
Binance Pay, a payment solution offered by the popular crypto exchange Binance, is collaborating with web3 payments platform xMoney to expand the usage of cryptocurrency in payments throughout Europe.
Strategic Partnership for Crypto Payments
The partnership between Binance Pay and xMoney was officially announced on February 3, 2025, with the goal of leveraging xMoney’s regulatory approval as a licensed platform under Markets in Crypto Assets (MiCA) to enable crypto payments for a wide range of businesses in the region.
With the integration of xMoney, the network of merchants supported by Binance Pay will exceed 32,000. This marks a significant increase from the 12,000 merchants in December 2024, showcasing a 36% year-over-year growth from 9,800 merchants in December 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
Expanding Crypto Payments Across Various Sectors
Users will now have the ability to make crypto payments through Binance Pay for a wide range of products and services including e-commerce, luxury goods, travel, real estate, and gaming. These offerings are part of xMoney’s expanding merchant network, which includes prominent clients like the City of Lugano and the National Administration of the Principality of Liechtenstein.
By complying with the EU’s MiCA regulations, the potential for growth in this sector is further enhanced.
Commentary on the Partnership
Jonathan Lim, the global head of Binance Pay, shared his thoughts on the collaboration, emphasizing the increasing acceptance of cryptocurrency in mainstream commerce and public services. The ability to use crypto for various transactions demonstrates the practicality of digital currencies in everyday scenarios.
According to Lim, the partnership with xMoney harnesses the advantages of blockchain technology to deliver tangible benefits to both merchants and customers. Security, efficiency, and accessibility are among the key advantages that users and businesses can enjoy.
Greg Siourounis, the CEO of xMoney Global, highlighted the significance of integrating Binance Pay into their ecosystem, providing users with more flexibility and choice in their transactions.
