- WordPress now accepts their Binance Pay for the payment of e-commerce services. Previously, the crypto exchange announced the integration of Binance Pay on the website development platform.
- Using this technology allows users to pay with more than 70 cryptocurrencies. Users on Twitter commend the new integration.
On 5th May 2023, the crypto exchange announced the integration of Binance Pay on the website development platform. But recently, they announced e-commerce stores on WordPress can now use Binance Pay to accept payments on the platform. This announcement’s impact means that WordPress stores can now receive more than 70 cryptocurrencies. Furthermore, the service features enhanced security.
What is Binance Pay?
Binance Pay is a technology created by the largest crypto exchange in the world. Apparently, this technology is not limited to any part of the world, as it is borderless. However, the original goal of this technology is to provide a means of accepting and making payments with family and friends.
According to the crypto exchange:
“Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology designed by Binance.”
But they moved on and struck a partnership with WordPress to integrate the technology on the platform. On WordPress, this service is known as WooCommerce Binance Pay. Nevertheless, it serves the same purpose of fostering seamless payment.
WordPress Stores to Receive Payments in Cryptocurrencies
One of the most significant issues the crypto industry always faces is the ability to make payments. Thus, even though many can trade and make money from cryptocurrencies, using them to make payments is always a problem. Large e-commerce institutions seem to look over the idea of using cryptocurrencies.
The crypto exchange saw this problem and is working tirelessly to resolve it. They aim to solve this by creating a gateway where businesses and e-commerce stores can accept crypto payments. Apparently, this is why they came up with the Binance Pay idea. With this innovative technology, crypto enthusiasts won’t resort to using traditional financial institutions when they can use tokens.
A good thing about this innovative idea is that users all over the world can use it. It is unlike the traditional bank you can’t use when you move to another part of the world. You don’t need a debit card to make a payment. In fact, all you need to do is connect your wallet. For stores, this is an excellent idea by the exchange, as it will give them a new target market of crypto enthusiasts.
Conclusion
The world’s biggest crypto exchange made a reintroduction of a service they created in May 2023. On 5th August, they announced shops in WordPress can now use their Binance Pay. By integrating this technology as part of their payment option, stores can accept more than 70 crypto tokens. Moreover, the service is secure to use.
