Binance has selected the crypto payment processor Triple A as the new universal crypto payment gateway for the Binance Pay payment feature of mobile applications.
According to June 10, the new partnership will play a key role in expanding the global use of Binance Pay. press release..
Talking about development, Binance Pay’s Head of Business Development Area, Pakning Luk, said:
“This consolidates Binance Pay’s mission to provide businesses and consumers with a contactless, borderless, and secure cryptocurrency payment experience.”
This was confirmed by Eric Barbier, CEO and Founder of Triple A. He said Triple A is seeing more demand from businesses to enable cryptocurrency payments.
Novelship, an Asian online marketplace for limited edition sneakers, streetwear and collectibles, is one of the retailers using payment gateways.
Increasing crypto-based payment services
The news comes shortly after Mastercard, a payment technology company that announced a partnership with Latin American e-commerce company Mercado Libre to improve the security and transparency of its cryptocurrency program in Brazil.
Mastercard’s CipherTrace technology also helps e-commerce companies manage their regulatory and compliance requirements.
In addition, payment processor Stripe recently reintroduced Bitcoin (BTC) payments through a partnership with cryptocurrency startup OpenNode.
The partnership between Stripe and OpenNode will allow Stripe customers to accept BTC payments through a new app that allows users to convert any amount of deposits and account balances to BTC.
