Binance Pay Tutorial - PayPal Alternatives for Crypto (Payment gateway + P2P Payment)
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Binance Pay is the latest addition in 2021 by the popular Binance exchange.
#BinancePay is a contactless, borderless and secure cryptocurrency payment technology designed by Binance. Binance Pay allows you to pay and get paid in crypto from your friends and family worldwide. Let us understand how this new crypto payment technology closes up the circle for our different users within the Binance ecosystem. Live the crypto lifestyle you always wished for #LiveCrypto.
Unfortunately, this feature is unavailable for USA, UK, and Singapore users. However, if you are from any other country, you can use Binance pay to accept payment on your e-commerce site.
At the time of writing about Binance pay, the system is in closed beta, and you can get an account by writing to merchant@binance.com. Binance Pay is available for both peer-to-peer payments and merchant-based transactions.
Binance Pay’s Merchant APIs allow you to process online or in-person payments using QR codes while giving your customers a seamless payment experience.
I still feel it would take 2-3 months before we see more public integration of Binance pay and popular e-commerce sites such as Woo Commerce, Shopify, and others. However, for now, you may want to keep this on your radar.
Read Details Binance review: https://coinsutra.com/binance-exchange-review-safe-reliable/
Official announcement post: https://www.binance.com/en/support/faq/d6fabc736d1f4e7fb60e56afe6d1f3b9
For inquiries, email to - merchant@binance.com
What are the currencies supported by Binance Pay?
Binance Pay currently supports more than thirty fiat and cryptocurrencies.
The list of supported currencies includes:
Fiat Currencies: AUD, BRL, EUR, GBP, and TRY；
Crypto Currencies: BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, DOGE, DOT, EOS, ETC, FIL, HBAR, LINK, LTC, MATIC, NEO, PAX, QTUM, TRX, TUSD, UNI, USDC, VET, WRX, XLM, XMR, XRP, XTZ, ZEC, USDT, and SXP.
Here's what we have covered in the video:
0:00 - Introduction
1:08 - What is Binance Pay?
2:05 - How to set up Binance Pay
3:46 - Wrapping Up
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