Binance Pay Now Used by Ukrainian Supermarkets, a Luxury UAE Hotel, and an Argentinian Airline
Main Takeaways
Binance Pay lets users spend their crypto on real-world goods and services, and without fees, when buying from any merchant on the platform.
September 2022 saw four big additions to the Binance Pay ecosystem.
Any merchant ready to accept crypto should take advantage of Binance Pay and its 17 million users.
September has been a busy month for Binance Pay, with a lot of exciting partnerships and announcements for the platform. This article will cover all the latest news from the Binance Pay ecosystem.
Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology designed by Binance. The platform allows you to send, spend, and pay with crypto anywhere in the world. And the best part for users? There are absolutely no fees.
It’s a great way for friends and family to transfer funds without any charges. You can also use Binance Pay to spend crypto when shopping — as long as the merchant has signed up to the platform and technology provided by Binance.
Check out our list of merchants that accept Binance Pay. The good news is that as the platform grows, you’ll be able to buy even more of your favorite things with crypto — completely fee-free.
September 2022 alone saw some major developments for Binance Pay — from integration across Bahrain and Europe’s first supermarket chain to a luxury UAE hotel and a South American airline.
Binance Pay now available in Bahrain at 5,000 points of sale
September 2022 brought news of a partnership between Binance Pay and Bahrain’s EazyPay (Eazy Financial Services). The latter is licensed and regulated by the Central Bank of Bahrain and specializes in point-of-sale (POS) and online services.
The result is that there are 5,000 POS terminals and payment gateways across Bahrain that now accept Binance Pay. Customers in the kingdom can quickly and safely pay with crypto at popular merchants such as Al Zain Jewellery (a jeweler founded in 1930) and Lulu Hypermarket (part of the Middle East’s biggest retail chain).
EazyPay’s integration of Binance Pay into its POS terminals and payment gateways means crypto-first customers can spend crypto instead of fiat when shopping — all they need to do is scan the QR code using their Binance App. And remember: there are no fees!
Ukraine’s Varus the first supermarket in Europe to accept Binance Pay
September 2022 also marked a first for supermarket shoppers in Europe looking to pay with crypto, when it was announced that Binance Pay would be partnering with Varus, a 20-year-old supermarket chain with more than 100 stores across Ukraine. The integration of Binance Pay means Ukrainian customers can use their crypto holdings to buy food, drink, and other household goods when shopping at Varus.
The first step of this partnership is facilitating the purchase of products for delivery in nine major Ukrainian cities, including Dnipro, Kryvyi Rih, and the capital, Kyiv. Customers in those cities can seamlessly shop with crypto via the Varus app. It’s another win for the wider mission of making crypto more accessible globally, and a first for this kind of supermarket partnership with Binance Pay in Europe.
Five-star Dubai hotel joins the Binance Pay revolution
Let’s return to the Persian Gulf, where one of the UAE’s top hotels has become the latest merchant to join the Binance Pay movement. First opened in 2016, the Palazzo Versace Dubai is situated on the shore of Dubai Creek.
Part of the Italian high-fashion house’s global hotel network, with 215 guest rooms and 169 residences, the five-star Palazzo Versace Dubai on the Jaddaf Waterfront has developed a reputation as one of the top luxury hotels in the region. September 2022 saw the hotel take its place at the cutting edge of crypto with the news that it would accept payment in BNB, BTC, and ETH, thanks to Binance Pay.
“Palazzo Versace’s ability to now accept payments in virtual assets is a reflection of how the hospitality industry in Dubai is at the forefront of innovation as we move into a more digital world. We look forward to building on this partnership together,” said Nadeem Ladki, Head of Business Development for Binance in the MENA region.
Binance Pay takes to the skies with Flybondi in Argentina
A low-cost airline in Argentina was another September 2022 addition to the Binance Pay family. In arguably the most innovative move of the month, Flybondi announced it would let customers buy tokenized tickets — which they are calling ‘NFTickets’ — using crypto and Binance Pay. The mechanism has been designed by Flybondi with the help of blockchain travel specialists TravelX.
The tokenization of Flybondi’s ‘NFTickets’ means customers can transfer or resell them to other people after purchase, and update the passenger details accordingly. Under the airline’s terms, all details attached to an ‘NFTicket’ have to be confirmed three days before departure, but, unlike a standard airline ticket, an NFTicket can be reassigned — be it by sale or transfer — without restriction.
“We’re very happy to use blockchain technology to give the greatest freedom to our customers,” said Flybondi CEO Mauricio Sana, as reported by Bloomberg Línea. Best of all, the whole process can be paid for in crypto, thanks to Flybondi and TravelX’s use of Binance Pay. The possibilities are endless.
Binance Pay is for everyone
As can be seen from the activity in September 2022 alone, Binance Pay continues to grow in options and reach. As more merchants join the program, crypto users will have ever-greater opportunities to spend their holdings on everyday items.
And for the merchants out there ready to embrace the future, Binance Pay is opening up a customer base of more than 17 million users. Want to find out more? Visit our Binance Pay pages for everything you need to know.
Don’t delay; integrate with Binance Pay today.
