Binance launches Binance Pay for its US customers

  • Cryptocurrency exchange Binance has rolled out a new feature for US customers.

  • Binance Pay will be available to clients in other parts of the world from February 2021 onwards.

  • Binance is still the world’s leading cryptocurrency exchange.

Binance Pay is now available for US customers

binanceIt is the world’s largest cryptocurrency exchange.

crypto exchange explained Binance Pay is a contactless, borderless and secure cryptocurrency payment technology. Binance Pay allows users to pay and receive payments in cryptocurrencies from friends and family around the world.

Since its launch in February 2021, Binance Pay has been available to Binance users in other parts of the world. At the time, CEO Changpeng Zhao (CZ) said payments were one of the most obvious use cases for cryptocurrencies. Binance said:

“Pay eliminates the complexity of transferring crypto to contacts by eliminating the need for users to enter complex deposit/withdrawal addresses, pay gas bills, or wait an unspecified amount of time for transactions to settle successfully. will be resolved.”

following this latest cryptocurrency newsBinance says users will be able to use the feature soon, and the exchange is also working on a web version.

Binance makes moves to attract more users in the US

Binance is the world’s leading cryptocurrency exchange by daily trading volume.Company $16 billion+ process That’s almost 10x what its closest competitor, Coinbase, is handling.

Cryptocurrency exchanges are making moves to attract more users in the US. Binance recently removed transaction fees for both Bitcoin (BTC) and Ethereum (ETH). This allows you to attract more users.

Nevertheless, Binance itself is not without its problems.U.S. Department of Justice is currently considering file a criminal complaint To Binance CEO Changpeng Zhao.

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