Key takeaways
Binance Pay users can now make cryptocurrency payments for everyday purchases through the Lyzi app and its merchant network.
More than 440 merchants are already using the solution in France, and 330 merchants are being integrated across Europe, including bakeries, pharmacies, beauty centers, car dealerships, fast-food restaurants, and Moreover.
Discover the power of Binance Pay with a new group of Binance Pay-enabled merchants.
Binance, one of the world's largest digital asset exchanges, announced a strategic collaboration with Lyzi, an innovative technology company specializing in solutions for purchasing digital asset goods and services. This alliance between Binance Pay and Lyzi aims to create tight integration between the two platforms, thus offering users a unique experience. By joining forces, Binance and Lyzi aspire to simplify and improve the checkout process for in-store purchases, paving the way for a more convenient and inclusive digital financial future.
Already deployed in more than 440 points of sale and 330 others currently being integrated in sectors ranging from automobile, food, pharmaceutical services, the Binance Pay x Lyzi solution wants to be at the heart of life's purchases current of their users.
David Prinçay, President of Binance France: “Our partnership with LYZI will allow our users to shop for digital assets in several hundred stores throughout France. This local approach is part of an extension of our Tour de France which will stop for its next stage on June 11 in Ouistreham.
The association strategy between Binance and Lyzi has many advantages for users of both applications. For Binance Pay users, this collaboration will allow them to benefit from Lyzi's expertise and technology in the field of digital asset settlements. Lyzi offers a complete and secure application, equipped with advanced features such as transaction management, ease of use, data confidentiality, and the provision of cashback for each transaction. Through this alliance, Binance Pay users will be able to make in-store purchases faster, simpler and more secure, while benefiting from the Lyzi user experience.
What does this collaboration bring to Lyzi and Binance users?
For Lyzi users, this partnership will provide them access to Binance's vibrant ecosystem. Binance is known for its broad offering of digital assets, which gives users a range of options for transacting. By integrating Binance Pay into their platform, Lyzi users will now have the ability to access these digital assets, expanding their options for purchasing goods and services and managing their digital assets.
A partnership that places merchants internationally
For traders, this collaboration between Binance Pay and Lyzi opens up new opportunities. With the integration of Binance Pay into the Lyzi solution, merchants will be able to easily and securely accept payments in digital assets. This expands their potential customer base as more people use digital assets to transact. Additionally, digital asset transactions are generally faster and less expensive than traditional transactions, providing traders with cost and efficiency advantages.
One small step for humans, one big step for the Web3 ecosystem
This partnership between Binance and Lyzi represents a major breakthrough for the world of crypto and blockchain. By combining their technologies and resources, they can accelerate the adoption of digital assets in everyday purchases. By providing a user-friendly and secure solution, Binance Pay and Lyzi help make digital assets more accessible and easy to use for the general public. It also builds trust in the blockchain ecosystem by showing how major players collaborate to develop innovative solutions.
Pay for your purchases with Lyzi: How to connect your Binance wallet to Lyzi?
Step 1: Connect your Binance Pay account to the Lyzi app
Download the Lyzi application (available on App store and Google Store) and create an account on Lyzi with your email only. Connect your Binance account.
Step 2: Purchase from a Lyzi's network merchant
All merchants are displayed on the Lyzi's app. You can find them on the interactive map. The merchant enters the required amount in EUR and a QR code is generated.
Step 3: Scan the QR code
The Lyzi app generates a QR code that the merchant shows you. Open your Lyzi app and scan the QR code.
Step 4: Validate the payment with Binance Pay
Once the QR is scanned, you will be redirected to the Binance app and the payment process with Binance Pay will start automatically. On the Binance application, the user will be able to select the cryptocurrency of their choice (up to 50) and validate the payment.
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