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Binance Pay Expands Reach Through xMoney Collaboration

Binance Pay Expands Reach Through xMoney Collaboration

Binance Pay has entered into a strategic partnership with xMoney, a European blockchain payment provider, aiming to streamline cryptocurrency payments for businesses and consumers.

This alliance significantly broadens Binance Pay’s merchant network, integrating it with over 32,000 businesses while ensuring compliance with MiCA regulations.

The collaboration leverages xMoney’s infrastructure to enhance the accessibility of digital asset transactions across multiple industries, including luxury retail, travel, gaming, and public services. Binance Pay’s Global Head, Jonathan Lim, highlighted the growing role of cryptocurrencies in mainstream commerce, emphasizing their increasing use for everyday purchases.


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This partnership not only expands Binance Pay’s presence in Europe but also accelerates its growth, aligning with its broader strategy to bridge traditional and digital finance. xMoney CEO Greg Siourounis noted that the initiative enhances financial flexibility for users while reinforcing the legitimacy of crypto payments.

With xMoney adhering to EU regulations, the partnership prioritizes security and compliance, a crucial factor given Binance’s ongoing regulatory challenges in France. Meanwhile, Binance’s investment arm has rebranded as YZi Labs, signaling a strategic shift towards independent operations and investment expansion.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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