NewsletterBinance Partners With This Payments Giant, Strengthens Position Amid Crypto Crackdown
Crypto exchange Binance and France-based payments firm Ingenico announce a strategic partnership to ease crypto payments in France.
Binance on February 22 said the company has partnered with Ingenico, a global payment solutions firm, making it easy for users to pay through Binance Pay. It considers the partnership as another milestone for global crypto adoption.
The partnership made crypto payments easier in France. This offers an in-store cryptocurrency payment acceptance solution in places with Ingenico’s AXIUM payment terminals. France is a key European country for Binance amid the MiCA regulation and also has its headquarters.
It will allow consumers to pay in cryptocurrencies at physical points of sale and allows merchants to easily accept payments in more than 50 cryptocurrencies through Ingenico payment terminals. It has the largest payment terminals installed in the world.
Furthermore, it will be the first crypto payment acceptance solution in France, with two catering (Le Carlie) and retail (Miss Opéra) merchants. The integration of Binance Pay into Ingenico payment terminals will be expanded to other countries in Europe.
Michel Léger, executive vice president at Ingenico, said:
“As a leading payments ecosystem accelerator, we are excited to partner with up-and-coming brands like Binance to bring cryptocurrency payments to retail for consumers around the world.”
Binance Facing Regulatory Action in the US
Meanwhile, Binance is currently facing regulatory action from regulators in the U.S. The SEC crackdown against crypto caused Binance to sever ties with its partners in the U.S.
Binance’s chief strategy officer Patrick Hillmann worries that stringent crypto regulations could choke the industry and lead to major market volatility. The major impact came from the U.S. SEC and NYDFS ordering Binance USD (BUSD) issuer Paxos to stop minting these stablecoins.
Binance CEO Changpeng Zhao hints at Binance specifically being targeted by U.S. regulators due to its influence in the crypto market.
Also Read: Ethereum Reveals Details On Shanghai’s Sepolia Shapella Upgrade
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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- ‘I Won’t Back Down,’ Michael Saylor Reinforces Strategy’s Bitcoin Mission
- Eric Trump Says Now Is a Great Time to Buy Bitcoin Amid Crypto Crash
- Dogecoin, Cardano, Shiba Inu Eye Wider Adoption as Coinbase Announces Perpetual-Style Futures
- Solana News: SOL’s Supply Could Drop Twice as Fast as Disinflation Proposal Goes Live
- Trump Tariffs: White House Prepares Plan B as Crypto Market Awaits Supreme Court Ruling
- Here’s Why XRP Price Will Hit $3 This Week
- Zcash Price Soars 10% as OKX Eyes ZEC Relisting
- WLFI Price Soars 17%: What’s Fueling the Surge?
- Dogecoin Price Eyes $0.2 Rally Ahead of Grayscale’s NYSE ETF Debut on November 24
- Crypto Market Eyes Major Rebound as Fed Rate Cut Chances Rise to 71%
- Dogecoin Price Finds Support: Can the 21Shares & Grayscale DOGE ETFs Spark a Surge?
