- Binance Pay and web3 payments provider xMoney have partnered to expand cryptocurrency payments across Europe.
- The strategic alliance will leverage blockchain technology to enable crypto payments for more than 20,000 businesses within the EU.
- Users will gain access to crypto payment options for luxury goods, real estate, e-commerce, travel, gaming, and other merchant services.
Binance Pay, the payments solution from leading cryptocurrency exchange Binance, is joining forces with web3 payments platform xMoney to broaden the use of cryptocurrencies for payments throughout Europe.
The Binance Pay team announced the strategic partnership with xMoney on February 3, 2025. Under the agreement, Binance Pay will benefit from xMoney’s regulatory approval as a Markets in Crypto-Assets (MiCA) licensed platform to bring crypto payment capabilities to over 20,000 businesses across the region.
Integrating xMoney increases Binance Pay’s supported merchant network to over 32,000. Binance Pay reported 12,000 merchants in December 2024, up 36% year-over-year from 9,800 in December 2023.
Starting 2025 with a BANG 💥
From now on, buyers can use @Binance Pay to complete their payments on xMoney!
This means faster, safer, and simpler payments with over 90+ different #cryptocurrencies available.
No extra steps for merchants — just more ways to keep customers happy… pic.twitter.com/jORAdqYhtn
— xMoney.com (@xMoney_com) February 3, 2025
Leveraging the Benefits of Blockchain Technology
Through Binance Pay, users will be able to pay with cryptocurrencies for e-commerce purchases, luxury goods, travel, real estate, gaming, and more.
These merchant services are part of xMoney’s expanding commercial network, which already includes clients such as the city of Lugano and the National Administration of the Principality of Liechtenstein. xMoney’s compliance with the EU’s MiCA framework increases the potential for further growth of this merchant base.
Jonathan Lim, global head of Binance Pay, commented on the partnership:
“This collaboration between Binance Pay and xMoney comes at a critical moment as cryptocurrencies gain traction in mainstream commerce and public services. The ability to pay for luxury goods, travel, and even government services with crypto shows how digital currencies are becoming practical tools for everyday transactions.”
According to Lim, the partnership harnesses blockchain’s advantages to create tangible value for merchants and customers. Security, efficiency, and accessibility are among the key benefits available to users and businesses.
“Partnering with Binance Pay is an important step in building a bridge between blockchain and traditional finance,” said Greg Siourounis, CEO of xMoney Global. “By integrating Binance Pay, we are expanding our ecosystem and offering users greater flexibility and more options for how they transact.”