BitPay Adds Binance's USD-Pegged Stablecoin, BUSD To Its Merchant Payment Platform

  • BitPay adds Binance exchange’s stablecoin, Binance USD (BUSD) to its merchant payment processing platform.
  • BUSD is the latest in a string of crypto payment options including BTC, ETH and XRP.

In an announcement by BitPay, a merchants’ crypto payments processing firm, announced the addition of Binance USD (BUSD) on it platforms. Merchants will now be able to accept Binance stablecoin across the U.S boosting adoption rates in daily usage of cryptocurrency.

The CEO of BitPay, Stephen Pair, expects the partnership with Binance will open up cross border payments using the platform given the top exchange’s reach across the global market. He also expects the partnership between the two crypto companies to yield a wider market base as they provide users with a stable and quick gateway to purchase everyday goods.

He further said,

“With BUSD, BitPay expands blockchain payment choices for all our customers across the global payments space who want the flexibility of paying on the blockchain with the stability of the US dollar.”

Users can start depositing BUSD tokens in their BitPay Wallets starting April 27he service is set to be rolled out to respective merchants across the globe in the coming days. BUSD will also be available on its debit card, BitPay Card, a functionality only available in the U.S. The Card will support users across all the 50 states.

Binance CEO, Changpeng “CZ” Zhao also showed appreciation for the partnership with BitPay in his statement. CZ said,

“We believe a growing number of merchants and businesses will start adopting crypto, and we are glad to provide the payments solution together with BitPay, making the process simpler and easier.”

BitPay currently supports over 2 million customers across all the 50 states in the U.S and other points of sale across the globe. BUSD, adds in to a pot of cryptocurrency payment options already available including Bitcoin (BTC), Ethereum (ETH), Ripple-led crypto, XRP, and other stablecoins.

Binance USD was approved back in 2018 by the New York State Department of Financial Services (NYDFS) allowing its trade across the 50 states. The partnership

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,440FansLike
2,795FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Russia to Prohibit Crypto Circulation, Mining, and Ads Under New Draft Law For Digital Assets

Cryptocurrency regulations are quite tricky and up until now, only a few countries can boast of finding the right mix of existing new laws...

China’s Largest Mining Chip Maker, SMIC, Gains Regulator’s Approval On $2.8B IPO

One of China’s biggest semiconductor manufacturer, SMIC, announces plans to raise a $2.8 billion public sale IPO on the Sci-Tech Board of the...

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

Binance Korea to Improve KYC/AML Framework With Coinfirm's Compliance Solution

Binance South Korea unveiled a unique partnership with Blockchain analytics firm, Coinfirm that will help Binance remain compliant with the strict AML framework...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today