Binance Pay is an extension of the Binance ecosystem, which includes trading services, mining, and other verticals. It is a new service that aims to make cryptocurrency payments easier and more convenient. Its aim is to become a must-have service for the Crypto Payments to Ukraine community. If it works well, the service could be a game-changer for users.
Crypto Payments
While the service is relatively new, it already allows customers to purchase groceries with digital money from stores like Varus. Those who wish to pay with digital currency should download the Binance app on their mobile device and send virtual money from their Binance Pay wallet. Once a transaction has been completed, the customer can enjoy the rewards system and avoid the transaction fee associated with plastic currency.
Crypto Payments to Ukraine Tech Stores will soon be able to accept Bitcoin and other crypto-based payments. Whitepay, a payment processor that was founded by the Ukrainian digital asset exchange Whitebit, has made the integration possible. The payment processor will provide the merchants with special Point of Sale (POS) terminals and customer support.
Greater Popularity
During the war with Russia, crypto gained greater popularity in the region. Private and public organizations launched various initiatives to attract donations in crypto. The Ukrainian government has also tried to regulate the industry. These efforts have paved the way for the growth of the crypto industry in the region.
customers must download the Binance app and login to their accounts with the cryptocurrency exchange. After that, they should select the products they wish to purchase. They can then use Binance Pay to make the payment. Pay was integrated by Foxtrot earlier this year, and Whitepay has introduced it to Ukrainian tech stores as well.
Binance and Varus
Binance and Varus have recently announced a partnership to allow cryptocurrency payments at Varus supermarkets in Ukraine. The partnership will allow Binance Pay Wallet users to pay for groceries online, and receive fast delivery. With this collaboration, crypto payments are now accepted in nine Ukrainian cities and the tech blog in usa.
Crypto payments are becoming more widespread in Ukraine, and this trend is set to continue. As Bitcoin is becoming increasingly legal and popular worldwide, more businesses are evaluating the benefits of accepting Bitcoin in their stores. By using crypto acquiring, businesses can accept payments anywhere in the world and convert them to their preferred currency. This eliminates the risk, volatility, and security associated with traditional payment methods.
