What is binance pay

Good morning, and welcome to Protocol Fintech. This Tuesday: Solana Pay shows crypto payments promise, Diem is done, and Nayib Bukele does some strange bitcoin math. After poking the fiat bear for years, crypto is hearing regulators roar. Payments is one example, as Tomio relates in his latest look at the progress being made in leveraging the blockchain for transactions.



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WATCH RELATED VIDEO: Банковская система Рушится - Binance Pay - Бесплатные Транзакции по всему Миру

Crypto giant Binance restricts 281 Nigerian accounts


We have recently released support for Binance Pay, a payment system designed by Binance. You can use now Binance Pay at CryptoRefills to pay for your favorite buy gift cards and mobile top ups with cryptocurrencies directly from your Binance account. Binance Pay allows you to spend your crypto and pay with your existing Binance account. You can use Binance Pay to shop with cryptocurrencies in your Binance account at stores and businesses that support Binance Pay such as CryptoRefills.

Binance Pay makes paying from your Binance account easier at these businesses that support Binance Pay as the transactions happens almost instantly and at zero fees.

CryptoRefills is one of the first businesses that supports Binance Pay. You first need to setup a Binance Pay account to before starting to use it. Setting up Binance Pay is simple if you already have a Binance account.

Just go to [ Wallets ] — [ Pay ]. Otherwise, you can register here before proceeding to set up your Binance Pay account. You then need to have funds in your funding wallet account as this will be the wallet you will use Binance Pay to pay at stores like CryptoRefills. You can access your balance at your funding wallet by tapping [ Wallets ] — [ Funding ] in your Binance App.

Note that the top up you make to your funding wallet account might take 24 hours before available to spend after it has been received. You will see the most updated list in your Binance App.

Thousands of people use CryptoRefills everyday to shop for real-world goods and services with their cryptocurrency. By releasing the support for Binance Pay, you can now use cryptocurrencies at your Binance account to shop at CryptoRefills right from within your Binance app. When you are in your Binance App, just drag the screen down the home screen to access the Binance Marketplace.

See the animation above which shows how you can access the marketplace. Once you are in the marketplace tap on CryptoRefills to access CryptoRefills. You can now browse hundreds of gift cards and mobile top ups available around the world at CryptoRefills. Once you select a brand you will see available packages you can buy. Note that all prices will be displayed in BUSD which is the default display pricing for Binance Pay stores but once you reach the payment step, you can pay in any cryptocurrency in your Binance Funding Wallet.

Wen you are on the CryptoRefills website or the CryptoRefills Android or iOS app, you will see categories and hundreds of brands or mobile top ups under them. Once you select a brand you will see the available packages such as 50 EUR, EUR or enter a amount that you want to purchase. Your payment will confirm instantly and after a few minutes, you will receive your product by email.

The delivery of the product depends will take a minute or two. You can use your cryptocurrencies in your Binance account to shop for gift cards and mobile top ups at CryptoRefills and use your crypto for your everyday needs. Disclaimer: This post is for informational purposes only, and none of the information above is intended to be legal, investment, financial, or other advice. How To. December 1, What is Binance Pay? How to use Binance Pay?

You can pay with your Binance account.



Bitrefill Gets Even Faster With Binance Pay Integration

The regulator has placed Binance. MAS added that Binance Asia Services — a separate entity that operates another cryptocurrency exchange platform Binance. Binance Asia Services is currently exempted from holding a licence for provision of digital payment token services under the transitional arrangements in the Act, the spokesperson said. MAS had earlier said that this exemption applies to entities that were carrying on regulated business before the start of the Payment Services Act on Jan 28,

Crypto traders have banded together to sue Binance. they would, under the terms of service, have to pay more than $45 million in.

Binance froze when bitcoin crashed. Now users want their money back.

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Binance.US Review 2022: Low Fees, But Investors Should Take a Pass

what is binance pay

The Binance exchange is working on launching a payment card in Ukraine with a balance in cryptocurrencies. This was announced by the general manager of the company in the country, Kirill Khomyakov. At the time of making the payment, the funds are automatically converted into fiat currencies. The initiative is being implemented jointly with local partners.

The intuitive platform can help encourage wider crypto adoption by giving users easy access to a crypto wallet and rewarding them for shopping.

Binance, Alchemy Partnership to enable Bitcoin payments on Shopify

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The Binance Hack: Three Lessons You Can Learn From It

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer. Become an FT subscriber to read: Binance customers face extensive sterling withdrawal outage Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Join over , Finance professionals who already subscribe to the FT. Choose your subscription. Trial Try full digital access and see why over 1 million readers subscribe to the FT. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news.

As previously reported, Binance Pay is a contactless P2P crypto payment feature on Binance, allowing users to send and receive crypto payments.

What Is Binance Pay? Shop, Send and Receive Crypto With Zero Fees

LAGOS Reuters - Binance, the world's largest cryptocurrency exchange, has restricted the personal accounts of Nigerian users, citing a need to comply with international money laundering laws, its CEO said. Changpeng Zhao said in a letter to Nigerian customers dated Jan. All non-law enforcement-related cases will be resolved within two weeks," Changpeng Zhao said. Despite a central bank ban, Nigerians have continued to turn to crypto for business, to protect their savings as the naira currency loses value, and to send payments abroad because it is often hard to obtain U.


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Pay and get paid with crypto.

Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe's key payments networks, it said in an email sent to users on Tuesday. The move was due to "events beyond our control", the exchange said in the email. SEPA withdrawals are unaffected by this suspension", Binance said. The network, which is a European Union project that aims to harmonise euro payments across the region, allows consumers to send euros across three dozen countries. Binance typically accesses SEPA through payment intermediaries. Thailand's financial watchdog filed a criminal complaint against the cryptocurrency exchange on Friday for operating a digital asset business without a licence, and Britain's financial watchdog recently barred the company from carrying out regulated activities in the country. Japan's regulator said last month that Binance was operating in the country illegally.

Credit card usage in crypto is controversial. Aside from the risk — ask anyone who bought crypto last year… — top exchanges have gone back and forth on support. Coinbase, for example, stopped allowing credit card purchases a year ago but, when it still allowed them, customers were found to have incurred additional charges. Coinbase is abandoning its conservative approach to the coins that it lists , while Binance — which operates on the opposite scale with support for a glut of tokens — has moved from being crypto-only to offer fiat currency options to customers.


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