Binance and TripleA collaborate on cryptocurrency payment solution

Binance, the world’s largest cryptocurrency exchange, is working with Singapore-based TripleA as the latest cryptocurrency road toll booth for Binance Pay. With TripleA, sellers can accept cryptocurrencies like Bitcoin, Ethereum, Tron, and more with easy setup and instant confirmation. This means that merchants don’t have to worry about price fluctuations or chargebacks and can get their money back in their local currency.

The two companies have teamed up to bring cryptocurrency advanced financial technology to market. Binance Pay is a contactless, borderless and secure payment solution for businesses wishing to support cryptocurrency payments. The service is available across the exchange’s platforms, including Binance DEX (the decentralized trading platform), the Binance desktop app, and on the web with a Chrome extension.

This partnership will provide merchants with access to the Binance ecosystem and their 5 million daily active users. The payment system connects the exchange and the world of retail. The service allows customers to purchase products using their favorite cryptocurrencies in any physical store around the world.

We couldn’t be more excited to announce TripleA as a strategic payments partner. This solidifies Binance Pay’s mission to provide businesses and consumers with a contactless, borderless and secure cryptocurrency payment experience.

Pakning Luk, Regional Head of Business Development, Binance Pay.

TripleA is seeing strong demand from businesses to offer cryptocurrency payments, which is, of course, driven by their consumers. We are delighted to partner with Binance Pay and Novelship to meet this growing market need.

Eric Barbier, CEO and founder of TripleA.

Binance Pay

Binance Pay is part of a number of initiatives from the leading exchange. The service will lead to more widespread use of cryptocurrency in all aspects of life. The exchange wants to become a hub for everything related to cryptocurrencies, so it’s imperative that the exchange can handle payments from anyone, anywhere.

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The exchange’s vision is to bridge the gap between traders and cryptocurrency. With the rapid adoption of cryptocurrencies among retailers around the world, Binance Pay will enable more merchants to accept more digital assets in a secure environment, increasing the reach and utilization of digital currency spending.

Cryptocurrency payment services on the rise

Bitcoin and other major cryptocurrencies are experiencing strong demand from both traders and investors. Recent partnerships between leading companies and platforms indicate greater confidence in the cryptocurrency market. This, in turn, can help support Bitcoin’s rise.

Cryptocurrency-based public payment platforms are proliferating as cryptocurrency traders and companies look for ways to convert fiat to bitcoin (BTC). Just recently, Mastercard announced a collaboration with Latin American e-commerce company Mercado Libre to improve the security and transparency of its crypto program in Brazil. Mastercard will provide educational resources and information about their crypto program to Brazilian merchants.

Stripe and OpenNode have also developed a new app that will allow entrepreneurs on Stripe’s platform to accept BTC payments without the need for an intermediary. This type of partnership is likely to gain ground in the future as blockchain technology improves. However, for now, it’s only an option for Stripe customers who can take advantage of OpenNode’s service and deal directly with their customers.

With the growth of the blockchain payments industry, it is important to ensure that cryptocurrency payments are easy and convenient for both merchants and consumers. That’s why the exchange partnered with TripleA to create an online payment solution that simplifies the process of sending and receiving cryptocurrency payments.

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Binance is one of the fastest growing cryptocurrency exchanges in the world and has a huge user base. It offers various cryptocurrencies, collaborates with leading companies and generally attracts a large number of users. Furthermore, the company enjoys a good reputation as a secure, transparent and trustworthy company.

Although at first glance it looks like many other exchanges out there, it has gained great partnerships and built a large following in the industry thanks to its unique commission structure, which discourages trading with many small movements. The exchange offers support for over 50 coins.

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