Binance, the largest cryptocurrency exchange in the world, announced on Friday that it has teamed up with crypto payment gateway TripleA for Binance Pay. Binance Pay, the company’s contactless, borderless, and secure cryptocurrency payment service, will benefit from the strategic payment partnership.
TripleA adheres to international standards for Anti-Money Laundering and Know Your Customer (KYC). With the help of millions of customers across 60+ countries, more than 900 businesses have increased their revenue by at least 20%.
According to a press release published on June 10 by Binance, the company has chosen TripleA as the gateway provider for Binance Pay, a cryptocurrency payment service. In addition, Binance Pay’s expansion strategy would not be complete without this collaboration. It will broaden its global reach and attract more businesses and consumers.
One of Binance Pay’s regional heads of business development, Pakning Luk, said the company couldn’t be more excited to announce TripleA as a strategic partner. A contactless, borderless, and secure cryptocurrency payment experience for businesses and consumers is now a reality thanks to Binance Pay.
It is TripleA’s CEO Eric Barbier’s belief that the acceptance of crypto payments is on the rise because of the rapid adoption of crypto. Merchants such as Novelship, Asia’s fastest-growing online marketplace for limited-edition sneakers, streetwear, and collectibles, can take advantage of this collaboration in the crypto and blockchain space.
By using TripleA and Binance Pay, Richard Xia, CEO of Novelship, is able to keep up with the latest payment technologies and meet the needs of their customers quickly.
Binance Pay has recently expanded its global footprint in a number of retail markets. It facilitates the transmission and receipt of cryptocurrency payments between users and merchants all over the world. The UAE’s malls and hotels are now accepting Binance Pay, as well.
A number of crypto exchanges and companies have teamed up with Binance to help it expand its global reach. As a matter of fact, Binance Pay services have been rolled out in the UAE, France, Italy, and Bahrain, as well as in the United Arab Emirates.
“CZ” Binance’s CEO travels to many Southeast Asian countries to promote cryptocurrency and blockchain adoption and establish the company’s leadership.