Binance Pay Bringing Crypto Payments to Shopify, Others – Coindesk

binance-pay-bringing-crypto-payments-to-shopify,-others-–-coindesk

Binance will allow its users to make crypto payments on e-commerce platform Shopify and other networks thanks to a new partnership with Alchemy Pay.

  • The exchange is to build a payment bridge with crypto-fiat gateway Alchemy Pay allowing Binance Pay users to send and receive payments in over 40 supported cryptocurrencies, the companies announced Tuesday.

  • Alchemy Pay provides a crypto-fiat payment gateway and operates in 18 countries with the goal of driving crypto adoption in merchant networks and financial institutions.

  • Merchants on Alchemy’s network include e-commerce giant Shopify, which provides online merchant services for 1.75 million retailers worldwide, as well as QFPay, Hong Kong’s Pricerite, Singapore’s Ce La Vi, Canadian footwear brand Aldo and multinational Arcadier SaaS.

  • Binance Pay added features for merchants to accept crypto payments in March, having launched the month before for peer-to-peer payments only.

This content is for informational purposes only and should not be construed as investment advice. Nothing mentioned in this article constitutes any type of solicitation, recommendation, offer or endorsement to buy and sell any crypto asset. Trading in any financial market involves risk and can result in loss of funds. Before investing any money, one should always conduct thorough research and seek professional advice.


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About the Author: Kate