Binance Pay partners with Banking Circle to enable EURI payments, marking a significant step towards mainstream adoption of digital currencies in everyday transactions.
Banking Circle S.A., a tech-focused payments bank, has partnered with Binance Pay, a leading crypto payment platform, to enable EURI payments within the Binance Pay ecosystem. This integration allows users to conduct transactions with EURI, a stablecoin, enhancing the practical use of digital currencies in daily financial activities.
On August 28, 2024, Binance became the first digital asset trading platform to support EURI, Banking Circle’s first e-money token compliant with the Markets in Crypto-Asset Regulation (MiCAR).
Jonathan Lim, Global Head of Binance Pay, stated, “At Binance Pay, we are committed to enhancing our payment system to simplify and improve the daily transaction experience for our users. The integration of EURI is a significant step towards transforming digital currencies into a mainstream payment method, thereby fostering greater financial inclusion and driving innovation across the global payments landscape.”
Daniel Lee, Head of Web 3 at Banking Circle: “Our cooperation with Binance Pay allows us to leverage our strengths in financial technology to enhance the efficiency and security of digital payments. The introduction of EURI into Binance Pay’s ecosystem is a key step towards broader adoption of digital currencies.”
This collaboration highlights the commitment of Binance Pay and Banking Circle to promote digital currency adoption, setting the stage for increased acceptance and usage in everyday transactions.
About Binance Pay
Binance Pay is a secure, contactless, and borderless cryptocurrency payment solution developed by Binance. It enables users to pay, send, and receive payments in more than 300 cryptocurrencies, making it easy to transact with friends and family globally. Binance Pay has partnered with thousands of merchants worldwide, allowing users to shop with over 80 crypto tokens. Discover how to use Binance Pay here.
About Binance
Binance is a leading global blockchain ecosystem and the operator of the world’s largest cryptocurrency exchange by trading volume and user base. Trusted by over 200 million users in 100+ countries, Binance is known for its robust security, transparency, and high-speed trading engine. The platform offers a comprehensive range of digital asset products and services, including trading, finance, education, research, payments, institutional services, and Web3 features. Committed to expanding financial freedom and accessibility, Binance aims to create an inclusive crypto ecosystem where cryptocurrency serves as a primary means of financial empowerment. Learn more at Binance.
About Banking Circle S.A.
Banking Circle S.A. is a public limited liability company (Société Anonyme) and a licensed credit institution based in Luxembourg, regulated by the Commission de Surveillance du Secteur Financier (CSSF). With branches in Denmark, the UK, and Germany, and subsidiaries in Liechtenstein, Singapore, and Australia, Banking Circle S.A. operates globally.
As a fully licensed bank, Banking Circle S.A. empowers payments companies and financial institutions of all sizes to capitalize on new economy opportunities swiftly and cost-effectively. The bank is a modern correspondent banking provider, dedicated to establishing a local clearing network for major currencies, ensuring fast, low-cost payments with no hidden fees for beneficiaries.
Banking Circle S.A. offers a range of award-winning banking solutions, including multi-currency accounts, Virtual IBANs, and seamless connections for local and cross-border payments, all supported by top-tier compliance and security standards. Through its bespoke, flexible, and scalable solutions, Banking Circle S.A. enables financial institutions to facilitate cross-border transactions for their customers, overcoming traditional barriers in global finance.
