Shopify is a powerful e-commerce platform that enables you to sell almost anything online. The platform has a huge number of merchants who use it to sell their products, and many of those merchants accept Bitcoin as a payment method. With the new partnership with Binance, Shopify merchants will have the ability to accept Bitcoin payments from Binance users. Binance has been providing its users with a two-sided cryptocurrency platform called Binance Coin (BNB). Now the platform will be giving merchants the ability to receive BNB as a payment method when they offer their products for sale using Shopify.
The cryptocurrency exchange Binance has announced a partnership with Shopify, a Canadian e-commerce platform, which will allow Binance users to make cryptocurrency payments on the Shopify platform. The partnership will allow Shopify merchants to accept payments in Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and some fiat currencies (USD and CAD), and will grant Binance users up to 20% discounts when paying for their online orders with cryptocurrency.
Binance has been one of the top cryptocurrency exchanges for a long time now. And as the cryptocurrency market continues to mature and grow, the company continues to look for different ways to enhance its services. To that end, Binance has just announced a new partnership with Shopify, the popular e-commerce platform that enables businesses to create online shops. With the partnership, Shopify’s merchants will be able to accept Bitcoin payments in their shops. Binance is also accepting Bitcoin deposits in exchange for its own BNB token.
Binance, the world’s biggest cryptocurrency exchange by trading volume, has announced a new crypto-to-fiat integration as part of its ongoing expansion into the crypto payment sector.
Through its payments app Binance Pay, the business announced a collaboration with crypto-fiat hybrid payment platform Alchemy Pay on Tuesday to allow peer-to-peer (P2P) crypto payments at over 2 million worldwide retailers.
In the 18 countries where Alchemy Pay works, users and merchants will be able to pay and receive payments using 40 supported cryptocurrencies such as Bitcoin (BTC) and Ether (ETH). Users of Binance Pay will be able to pay at Alchemy Pay’s partner merchants, such as e-commerce giant Shopify, software technology firm Arcadier, mobile payment service QFPay, and others.
According to the company’s website, Alchemy Pay is a worldwide crypto-fiat payment gateway that accepts 300 fiat and crypto payment channels in 65 countries. Pricerite, Hong Kong’s largest furniture business, Singapore’s Ce La Vi, Canadian clothing brand Aldo, and Midwest Global Asia cab services are among the company’s merchant networks.
Alchemy Pay (ACH), an Ethereum-based currency intended to incentivise the ecosystem and access to the network’s consumption and governance, is also in use. The ACH token has lately seen a meteoric rise, with its price increasing by more than 1,680 percent in the just 14 days.
According to statistics from CoinGecko, ACH is now trading at $0.024, up almost 100 percent in the last 24 hours. Coinbase, a prominent worldwide crypto exchange, launched the coin yesterday.
14-day pricing chart for Alchemy Pay. CoinGecko is the source of this information.
Related: A new research shows a strong desire for cryptocurrency payments
The collaboration between Alchemy Pay and Binance, according to CEO John Tan, “substantially extends the practical backbone applications we create between the crypto and fiat worlds.” When Alchemy Pay was established, the entire value of the crypto market was “less than a tenth of a percent of what it is now,” he said.
Binance Pay is a contactless P2P crypto payment tool on Binance that allows users to make and receive crypto payments all around the globe, as previously reported. The app was released in public alpha in March and is now accessible to all Binance users who are qualified.
Binance is a cryptocurrency exchange based in Hong Kong, offering a decentralized trading platform for cryptocurrency users. The company has been expanding its reach into the crypto industry by partnering with companies like Bancor, Liquid, and other projects to integrate new blockchain-based products. The latest is Shopify, which will use the Binance platform to allow Bitcoin payments to its platform.. Read more about coinpayments and let us know what you think.
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