BitPay, the Bitcoin payment service provider, has partnered with the major cryptocurrency exchange Binance to provide the payment firm’s 2 million individual and merchant customers with BUSD, Binance’s stablecoin.
On April 27, it has been reported that BitPay’s wallet launched support for BUSD with merchant support slated to go LIVE “in the coming days.”
However, the support for BUSD will also be ascended for BitPay Card, as only US-based customers are able to use BitPay Card, the product is available in all 50 states.
Changpeng Zhao (CZ), the Founder and CEO of Binance, stated that the company is “honored to partner with BitPay” by describing the company as “one of the earliest and most reputable crypto payment service providers” in the crypto sector.
“Partnering with BitPay will enable merchants and businesses from around the world to accept BUSD. We believe a growing number of merchants and businesses will start adopting crypto.”
Likewise, Stephen Pair, the CEO of BitPay, outlined the partnership as expanding the payment options available to its customers by catering to users “who want the flexibility of paying on the blockchain with the stability of the U.S. dollar.”
Also, Binance launched its mining pool on April 27, offering account integration across its numerous platforms, as members of Binance Pool will also receive discounted trading fees on its exchange.
“With industry players like Binance continuing to enter the mining space and contribute computing power to the industry, the mining industry is actually getting more decentralized than it was two years ago.”– Lisa He, Head of Binance Pool