Binance Coin Gets Support By CoinPayments, BNB Integrates With Over 2 Million Merchants Instantly
The payment processor CoinPayments, announced that they Integrated Binance Coin (BNB) into their platform. The information was released on November 16 in an official blog post. The platform has also announced the integration on Twitter.
— CZ Binance (@cz_binance) November 17, 2018
At the same time, Changpeng Zhao, Binance CEO, said that there are 2.3 million merchants around the world that will be able to accept Binance Coin as a means of payment. Binance Coin is the virtual currency created by the cryptocurrency exchange Binance. It can be used on its platform to pay for cheaper fees and to transact with other virtual currencies.
The company has decided to provide support to this virtual currency because of the fact that several Binance users are currently engaging with it to pay for fees and for many other things. Moreover, BNB coin will also be used as the gas to power the upcoming decentralized exchange being developed by Binance.
With this integration into the CoinPayments platform, businesses will have the possibility to receive Binance Coin payments through the plugins and integrations with the service.
Binance is one of the largest virtual currency exchanges in the cryptocurrency market. According to CoinMarketCap, in the last 24 hours, Binance handled $672 million dollars in trading volume in the last 24 hours.
CoinPayments allows merchants from all over the world to accept the most important virtual currencies in the market. The company uses plugins, APIs and PoS (Point of Sale) interfaces, connecting over 2.3 million users in 182 countries around the world.
This company was one of the first payment processors in the market that started to accept altcoins and other virtual currencies rather than Bitcoin. At the same time, the company offers support for different banking options and integrations with third party companies in different jurisdictions.
At the time of writing, Binance Coin is the 14th largest virtual currency in the market with a market capitalization of $1.01 billion dollars. Each BNB coin can be purchased for $7.7 dollars. This virtual currency was one of the most resilient virtual currencies this year amid of a bear market.