CoinGate integrates Binance Pay into its payment processing services

CoinGate, a leading cryptocurrency payment processor, has announced that it has enabled businesses to accept payments from Binance Pay users. This new partnership between CoinGate and Binance Pay provides merchants with a convenient means to receive payments in cryptocurrencies from customers who use the Binance Pay app.

The Binance Pay addition to CoinGate is a user-friendly and accessible solution available to global businesses that meet the criteria of industry and geolocation. With the Binance Pay option enabled, customers of CoinGate-powered merchants can pay using their preferred cryptocurrency in their Binance wallets, providing them with a higher level of convenience and a broader range of available payment currencies.

Justas Paulius, the CEO of CoinGate, believes that this partnership will help propel crypto adoption on a broader scale:”Our mission has always been the same – push for crypto adoption in all ways we can. That said, joining forces with Binance Pay is one of the most significant steps we can take right now to contribute to that goal.”

“We could not be more excited to partner with CoinGate to increase our global coverage,” says Pakning Luk, Regional Head of Business Development at Binance Pay, adding that “this cements Binance Pay’s mission of providing businesses and consumers a contactless, borderless, and secure crypto payment experience.”

Binance Pay option on CoinGate is enabled by default and available using standard integration methods, with availability via API coming soon. The processing of Binance Pay payments is free for the first three months, and after this period, an additional fee of 0.3% will be charged unless turned off manually.

This new extension of CoinGate services will allow businesses to expand their payment options and provide their customers with the convenience of paying from the popular crypto app. With the rise of digital assets, this development is a step forward in providing businesses with an easy and cost-effective way to accept payments in cryptocurrencies.

CoinGate remains committed to providing businesses with innovative solutions that make accepting cryptocurrency payments easier and more accessible. The integration with Binance Pay is another step in that direction and marks a new era for businesses looking to embrace the future of finance.