On Tuesday (February 28), “CZ,” Co-Founder and CEO of Binance, which is the world’s largest crypto exchange, made an announcement that should delight fans of both crypto and American international fast food restaurant chain Wendy’s.
Binance Pay is a “contactless, borderless and secure cryptocurrency payment technology designed by Binance” that allows Binance users to “shop with crypto or send crypto to friends and family worldwide.” It features “zero fees”, “lightning fast payments”, and support for over 200 cryptocurrencies.
According to Binance, thanks to a partnership between Binance and crypto payment gateway CityPay.io, which “creates high-tech system for businesses enabling them to receive customer payments in cryptocurrency,” Binance users in former Soviet republic Georgia can now pay with crypto at Wendy’s restaurants and at “more than 600 other vendors, including major hotels, restaurants, and supermarkets.”
Last week, via another partnership, it became possible for Binance users in France to pay with crypto at retail stores.
According to Ingenico’s press release, this partnership integrates Ingenico’s AXIUM payment terminals with Binance Pay, allowing them to “accept more than 50 cryptocurrencies.” Ingenico has “the largest base of payment terminals installed in the world.”
The press release went on to say that “this partnership is broken down into several stages,” and that “this first step will allow merchants to be paid in cryptocurrencies.” Ingenico and Binance are “currently developing a crypto-to-fiat payment solution,” which will be tested in Q2 2023, in order to allow merchants to be paid in fiat currency.
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