Although it is not news that the bear market is ongoing and most crypto exchanges are getting their staff reduced day after day, Binance has set out to always increase its labor force. More also, Binance continues to expand operations and roll out fund expenditure.
It is no secret that Binance is keen to get its hands firmly on the crypto space and for the CEO, CZ app integrations and payments are meant to up the ever-available Binance brand awareness. Right from the inception of the pandemic, covid-19, CZ has gotten a world tour, establishing the crypto and Binance pay in the nook and cranny of the countries and investors across the globe.
He also tried his possible best to make users of the exchange calm regardless of the fearful news around.
According to Timestabloid, Changpeng Zhao (CZ), the CEO of Binance, who is the richest person in the crypto industry, assured investors that if the trading platform goes bankrupt, users would be refunded first before considering the shareholders.
Binance Partners with Splyt
Presently, the Binance has partnered with Splyt, a “super app enabler,” to bring payment options to the Binance application. Payment options made for Splyt services include cryptocurrency.
The benefits of the Partnership
- The integration will permit Binance users to pay for ride-hailing services
- They will be able to pay for bike-sharing, scooters, airport transfers, public transport, and even food delivery,” as stated by Splyt spokesperson
The news was broadcasted by the Binance’s CEO on his official Twitter page;
Book your ride with #Binance, and pay in crypto (no need to convert to fiat).
The news comes as some relief to Binance, which suffered problems related to “stuck transactions” when withdrawing Bitcoin on Monday, though was resolved 8 hours later.
As stated by the A Splyt spokesperson, it would be the “first partnership in the cryptocurrency space” and faced with perilous price action with Bitcoin sub $25,000, “Splyt is enthusiastic about its development.”
“Increasingly, users are turning to their crypto wallets to pay for everyday services. […] Fully integrating everyday services as an obvious next step for crypto wallets.”
Currently, according to the updates from Nasdaq.com, Binance is already used by 90 million users in over 150 countries worldwide. For Splyt, the partnership opens the door to a broad customer base:
“The other perspective is equally important: mobility and other on-demand services can dramatically increase acceptance and transaction volumes, by being available through crypto platforms, who together have hundreds of millions of users.”
A couple of weeks ago, Dubai-based Shopping Mall and Retail Conglomerate, Majid Al Futtaim Accepted Shiba Inu’s rival Dogecoin (DOGE), Bitcoin (BTC), And Ethereum (ETH) as Payment via Binance Pay.
A month ago, Binance successfully passed registration in France and became the country’s full-fledged digital asset service provider as reported by Cryptolifedigital.