Binance Coin (BNB) Adoption gets a Swift Kick with 3 New Announcements

10 Oct, 2018 Updated 17 Aug, 2024

By Achal Arya

Administrator

Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.

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CoinGate, ADAMANT, & Propy drives BNB adoption

Crypto adoption is improving at a nice pace and now one of the biggest cryptocurrency exchanges Binance’s native token Binance Coin (BNB) is . Binance CEO, Changpeng Zhao (CZ) took to Twitter to announce these new developments.

The first instance is CoinGate, a bitcoin and altcoin payment gateway that has added support for BNB. It states:

“CoinGate makes it easy to receive customer payments in most popular cryptocurrencies, including Binance. To make it simple for merchants, all received payments are automatically settled to EUR/USD or to BTC, depending on your preference.”

Let your customers pay with $BNB. Get Euro payouts or convert to Bitcoin. With Coingate. Thanks,https://t.co/sitF1AfJIL

— CZ Binance (@cz_binance) October 10, 2018

Now, in order “To get started with accepting Binance as well as Bitcoin, Litecoin and other coins, first, sign up with CoinGate. Then, create API credentials if you are planning to use our e-commerce plugins or the API; if not, go ahead and create your first payment button.”

Another one is in-chat transfers for Binance Coin. ADAMANT, a decentralized messaging platform that includes complete cryptocurrency transfer integration now supports in-chat BNB transfers via its messenger platform.

Missed this one. Send $BNB to anyone you chat with in ADAMANT Messenger https://t.co/mfBChcISc5

— CZ Binance (@cz_binance) October 10, 2018

In order to send BNB in-chats, you have top-up your BNB wallet in the ADAMANT Messenger. Now to make the BNB transfer, open the chat with the person you want to send payment to and choose “Send BNB” after clicking the “Plus” sign. After this, you just enter an amount and confirm the transaction that also involves ETH to pay network fees.

Propy, a global property store with decentralized title registry” is another name into this list that adds support for BNB as CZ comments on Twitter:

Wow, thanks! https://t.co/48Fxt5XU8i

— CZ Binance (@cz_binance) October 10, 2018

Propy took to Twitter to announce:

“Propy will accept BNB for home buying! @Binance Chain is coming and $BNB, which is a great store of value today, will turn into programmable money. For the rapidly growing BNB community, we make it possible to invest in real estate with easy paperwork at Propy!”

Also, read: Binance Delisting Bytecoin, ChatCoin, Iconomi, & Triggers in 3 Days, Price in Deep Red

At the time of writing, BNB has been sitting at 14th position while trading with about 2 percent loss at $10.30.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.