24/7 Cryptocurrency News

Binance Pay Partners xMoney To Drive Crypto Growth in Europe

Published by

In a surprising development, Binance Pay, the payment subsidiary of the leading cryptocurrency exchange Binance, has joined hands with xMoney, a blockchain payment solution provider. The strategic collaboration envisions enhancing crypto payment accessibility for customers across the European market.

Notably, this alliance expands the payment platform’s global merchant network to over 32,000 businesses, with xMoney operating in compliance with MiCA regulations. The development aims to foster secure and innovative payment solutions, solidifying the firm’s leading role in the global payment network.

Advertisement

Binance Pay Establishes in Europe via xMoney

In an official blog post, Binance announced Binance Pay’s strategic alliance with xMoney, a prominent blockchain payment solution provider in Europe. Using xMoney’s robust payment infrastructure, the firm intends to link its users with a vast network of merchants. Thereby, the move expands Binance Pay’s payment ecosystem across Europe.

Notably, the partnership envisions addressing the growing demand for secure, efficient, and easily accessible payment solutions. Elaborating on the venture’s significance, Jonathan Lim, Global Head of Binance Pay stated:

This collaboration between Binance Pay and xMoney comes at a pivotal moment when cryptocurrency is being embraced in mainstream commerce and public services. The ability to pay for luxury goods, travel, and even government services with crypto demonstrates how digital currencies are becoming a practical tool for everyday transactions.

Advertisement

Partnership to Expand Merchant Network

In addition to creating a better crypto payment environment, the move also focuses on expanding Binance Pay’s merchant ecosystem. While xMoney’s merchant network spans diverse areas including luxury retail, gaming, travel, real estate, and public services, it could significantly drive Binance Pay’s connections.

Significantly, association with xMoney has propelled the payment platform’s merchant network to over 32,000 businesses globally. This marks a notable milestone in the firm’s growth trajectory. The expansion underscores the platform’s accelerated growth, with the platform already achieving a notable 36% year-over-year increase in its development.

xMoney CEO Greg Siourounis stated that the partnership will enable the platform to expand and provide customers with greater flexibility. The CEO added, “Partnering with Binance Pay is a significant step in building the bridge between blockchain and traditional finance.”

Another important development that the Binance ecosystem witnessed recently was Binance Lab’s rebranding to YZi Labs. This change reflects the investment firm’s plan to shift its focus towards investments and establish a distinct identity separate from the Binance brand.

Advertisement

Binance Pay Prioritizes Compliance

While xMoney fully adheres to the EU’s MiCA regulations, the Binance Pay partnership ensures a highly secured environment for crypto payments and transactions. This joint venture becomes crucial as it comes on the heels of the French investigators’ judicial probe into charges against Binance.

Moreover, the collaborative project operates within a trusted framework, with xMoney’s strong regulatory compliance. This framework fosters cryptocurrency adoption and provides a secure environment for crypto transactions.

Advertisement

Share
Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

Published by

Recent Posts

  • Bitcoin News

Breaking: $8 Trillion Morgan Stanley Opens Bitcoin Investments to All Wealth Clients

Morgan Stanley, which manages $8 trillion in assets under management (AuM), plans to allow all…

October 10, 2025
  • 24/7 Cryptocurrency News

Bitget Strengthens On-Chain Rewards Push With Early Hunter Airdrop Launch

Bitget has launched the fourth phase of its Early Hunter Airdrop, featuring BinanceLife (币安人生) and…

October 10, 2025
  • 24/7 Cryptocurrency News

Fed’s Chris Waller Reiterates Support for Rate Cuts but Urges Caution On Pace

Fed Governor Chris Waller has again expressed support for additional Fed rate cuts. However, he…

October 10, 2025
  • Ethereum News

Tom Lee’s Bitmine Immersion (BMNR) Adds Another $103M ETH to its Ethereum Stash

Bitmine Immersion, the largest Ethereum treasury company, quietly added another 23,823 ETH to its total…

October 10, 2025
  • Bitcoin News

Bitcoin Price Flashes Top Signal After Rejection At $125K

Bitcoin price has continued to trade below the $125,000 mark as the market undergoes a…

October 10, 2025
  • 24/7 Cryptocurrency News

Breaking: Grayscale Solana ETF (GSOL) to Trade with 0.35% Fee

With the U.S. Securities and Exchange Commission's (SEC) final decision on Grayscale Solana ETF (GSOL)…

October 10, 2025