- Binance Pay and Web3 payments provider xMoney have formed a partnership to accelerate crypto payments across Europe.
- The strategic collaboration will leverage blockchain technology to enable cryptocurrency payments for more than 20,000 businesses in the EU.
- Users will gain access to crypto payments for luxury goods, real estate, e-commerce, travel, gaming, and additional merchant services.
Binance Pay, the payments solution from leading cryptocurrency exchange Binance, is partnering with Web3 payments platform xMoney to expand 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 leverage xMoney’s regulatory approval as a licensed Markets in Crypto-Assets (MiCA) platform to enable crypto payments at more than 20,000 businesses across the region.
Integrating xMoney increases the network of merchants supported by Binance Pay to over 32,000. Binance Pay reported 12,000 merchants in December 2024, up 36% 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…
— xMoney.com (@xMoney_com) February 3, 2025
Leveraging the Benefits of Blockchain Technology
Through Binance Pay, users can pay with cryptocurrencies for e-commerce, luxury goods, travel, real estate, gaming, and other merchant services included in xMoney’s expanding merchant network. xMoney’s customer roster also includes public-sector and municipal clients, such as the city of Lugano and Liechtenstein’s government administration.
Compliance with the EU’s Markets in Crypto-Assets (MiCA) framework increases the potential for continued expansion 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 pivotal moment as cryptocurrencies are being adopted in mainstream commerce and public services. The ability to pay for luxury goods, travel and even government services with crypto demonstrates how digital currencies can become a practical tool for everyday transactions.”
According to Lim, the partnership leverages blockchain benefits to deliver tangible value to merchants and consumers. Security, efficiency and accessibility are among the primary advantages for users and businesses.
“The partnership with Binance Pay is an important step in building the bridge between blockchain and traditional finance. By integrating Binance Pay, we expand our ecosystem and give users greater flexibility and choice in how they complete transactions,” said Greg Siourounis, CEO of xMoney Global.