Binance Pay announces expansion in Europe through integration with xMoney

xMoney operates under the new EU MiCA legislation

03.02.2025 - 14:10

2016

3 min

What’s new? The Binance Pay payment platform team at Binance, the world’s largest centralized crypto exchange (CEX), has announced a partnership with xMoney, Europe’s leading provider of payment solutions for the Web3 segment. The integration will enable more than 20 000 member businesses of the xMoney network in Europe to directly accept cryptocurrency as a means of payment.

Press release

What else is known? xMoney has already adapted to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation, which recently came into full force.

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The collaboration expands Binance Pay’s overall global network to more than 32 000 businesses and optimizes transactions across various industries such as luxury goods sales, travel, gaming, e-commerce, real estate, and government services.

Jonathan Lim, the global head of Binance Pay, emphasized that the partnership comes against the backdrop of the increasing adoption of cryptocurrencies in commerce and government services and the growing demand for secure, efficient, and affordable payment solutions.

Among xMoney’s government clients are the Swiss city of Lugano and the Principality of Liechtenstein, where citizens can pay for government services using cryptocurrencies.

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Binance Pay is a cryptocurrency payment feature in the Binance app. It allows users and merchants to instantly send and receive crypto payments worldwide without paying for gas, supports over 300 cryptocurrencies for P2P payments, and over 90 for merchant payments.

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