Crypto Exchange Binance Rolls Out Global P2P Merchant Program To Increase Fiat On-Ramps
One of the leading crypto exchanges and blockchain ecosystems, Binance, has today announced the launch of a Peer-to-Peer (P2P) Merchant Program.
The merchants who are using this program will be able to earn revenue with zero transaction fees by providing fiat payment solutions. Binance will offer them professional support services. The program has been launched for providing higher liquidity and because Binance was in high demand all over the world. This is what the company’s CEO, Changpeng Zhao (CZ) had to say about it:
“In the past quarter, there has been increasing growth in trading volumes on Binance P2P platform, and we have constantly received requests for more fiat-to-crypto access from our global community. To meet the growing users demand, we are seeking credible merchants for Binance P2P trading platform globally. We welcome quality payment services providers to join Binance’s Global P2P Merchant Program.”
Binance Enrolling Merchants for Its P2P Trading Platform for the First Time
Ever since it has been launched in October 2019, Binance’s P2P trading platform hasn’t enrolled merchants until now. Joining it was only possible through invitation or the referral program. For the users to have the best experience and outstanding merchants their interests protected, the Global P2P Merchants Program will work based on a mechanism of elimination. Binance is planning to launch more promotional materials and activities on the P2P trading platform, for its users from all over the world.
Binance P2P Trading Platform Now Supporting VND
Earlier this week, it has been announced by Binance that its P2P trading platform has support for the Vietnamese Dong (VND), meaning that from January 20, users from Vietnam can use VND to trade Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and BNB.
Binance P2P Provides Easier Access to Cryptocurrency
By using the business-to-consumer (B2C) and the consumer-to-consumer (C2C) models, Binance P2P offers easier access to cryptocurrency and improves the users’ experience. Binance is comprised of a few arms that provide freedom of money and serve the blockchain.