Binance has selected TripleA crypto payment processor as the new all-in-one crypto payment gateway for the Binance Pay payment feature in its mobile apps.
According to a June 10 announcement, the new partnership will play an important role in expanding the global use of Binance Pay. Press release.
Speaking about the development, Binance Pay Regional Head of Business Development Pakning Luk said:
“This reinforces Binance Pay’s mission to provide businesses and consumers with contactless, borderless, and secure cryptocurrency payments.”
This was confirmed by Eric Barbier, CEO and founder of TripleA. He said that TripleA is seeing an increase in demand from businesses to use crypto payments.
Novelship, an Asian online marketplace for limited edition sneakers, streetwear and collectibles, is among the retailers that will use the payment gateway.
Cryptocurrency payment services on the rise
The news comes just as payment technology company Mastercard announced a partnership with Latin American e-commerce firm Mercado Libre to improve the security and transparency of its crypto program in Brazil.
Mastercard’s CipherTrace technology will also help the e-commerce company meet regulatory and regulatory requirements.
Additionally, payment processor Stripe recently reintroduced Bitcoin (BTC) payments through a partnership with cryptocurrency startup OpenNode.
The Stripe and OpenNode partnership will allow Stripe customers to accept payments in BTC through a new app that will allow users to convert incoming payments and any amount of their account balance into BTC.
Credit : cryptoslate.com