Wrap-up: Crypto payments finally catch a big break in Europe. This cooperation between Binance Pay and xMoney will give users the power to splash crypto on everything-from bespoke shopping, travel, even to public services by more than 20,000 different enterprises across diverse industries-make crypto seamless, cheaper, and mainstream.
It basically means that users of Binance Pay can spend their crypto on everything, from high-end brands to online stores, even government services in places such as Lugano and Liechtenstein. Over the last year, xMoney has been scaling up its merchant network, meaning that more and more businesses could receive digital currencies without the usually painful process fraught with high commissions and slow speeds.
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For Jonathan Lim, Global Head of Binance Pay, this will be a game-changer, with crypto payments growing bigger in everyday life. The CEO of xMoney, Greg Siourounis, on his part, said the move bridges traditional finance with blockchain to make crypto payments further approachable-and trusted.
Numbers say it all: from 8,900 two years ago, to more than 12,000 in just last year, the explosive growth of the Binance Pay merchant network will now be over 32,000 companies across the globe. The increased crypto adoption translates into easier-to-use digital assets for everyday spending thanks to such partnerships and ultimately proves that crypto is for living, not just investing.
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