Now Binance Pay users can pay in crypto assets to the CoinGate merchant customers.
CoinGate is a popular crypto payment platform. This platform allows its customers to pay crypto assets to those merchants which accept cryptocurrencies as a payment option. This company was founded in 2014 and now to this date 4,500 business clients and 80,000 registered users use its services. This platform also provides crypto to fiat payment services. In 2018, the CoinGate platform saw a significant increase in its business growth and in 2022, its platform noted that e-commerce payments via its platform surged by 60%.
On 7 March 2023, CoinGate announced that the company added support for Binance Pay users. In short, BinancePay users will get the option BinancePay as a choice to pay the crypto payments.
On this technical level partnership, CoinGate’s CEO Justas Paulius said that it will help to push more crypto adoption in the world.
“Our mission has always been the same – push for crypto adoption in all ways we can. That said, joining forces with Binance Pay is one of the most significant steps we can take right now to contribute to that goal,” the CEO said.
BinancePay & advantages
Binance Pay is a centralised crypto asset payment platform, a subsidiary of the top-ranked crypto platform Binance.
However, it is not a very tedious task for crypto users to pay directly from their non-custodial or Custodial wallets but here BinancePay will help to process crypto transactions with better ease because of its better user interface & low transaction fees.
BinancePay allows free crypto transactions between Binance Pay users.