Binance established a new partnership to allow Ukrainian crypto users to spend crypto funds for daily life grocery shopping.
Binance is a leading crypto exchange in the digital assets industry and known to provide highly secured crypto services. The exchange always remains active in the online and offline world to push education & awareness about crypto & blockchain. In 2021, Exchange faced huge scrutiny issues, so the exchange is working to make the Binance exchange a globally licensed crypto company.
On 16 September, Binance announced its new partnership with VARUS, one of the largest Ukrainian grocery store chain.
VARUS is one of the biggest grocery store chains, which includes 111 stores across 28 cities in Ukraine.
Company officials reportedly said that they are aimed to introduce a better user experience for the customers so that they can use all possible ways to pay money like crypto payment as an instant payment system.
Initially, the rollout of this service will allow the Binance Pay users to grab better rewards. Under the promotional program, if any user will pay 500 UAH via BinancePay then Binance will give back a reward of 100 UAH.
Binance CEO Supports MiCA framework
Changpeng Zhao, CEO of Binance, recently talked about the European Union’ proposed crypto framework developed & designed by Markets in Crypto Assets (MiCA).
Zhao said, during the Dubai blockchain week, the designed crypto regulation laws & policies by MiCA are appreciable and they can be adopted by any other country to regulate the crypto sector easily.
Binance CEO appreciated the MiCA crypto regulation system as an international regulatory standard but at the same time he criticized the dollar-backed stablecoins prohibition under the MiCA laws.