Cryptocurrency News

Binance Coin Gets a Boost as CoinPayments integrates BNB on its Platform

Binance Coin

The native cryptocurrency token of a major cryptocurrency exchange gets a huge boost of adoption with its inclusion on a payment gateway that has nearly two million traders over 182 nations.

The Binance Coin (BNB) which is a native token of crypto exchange Binance, will be available at a payment gateway called CoinPayments.

A Sneak Peek of CoinPayments
The Coinpayments is a Canadian-based crypto payment platform founded by Alex Alexandrov back in 2013. The payment gateway helps vendors process payments by offering many payment features such as GAP600 instant confirmations, Mobile Apps and Auto Coin conversions. It also offers shopping cart plugins for all the well-known web carts.

It also accepts and supports over 1,060 cryptocurrencies and has over 2,328,000 merchants across multiple nations. The payment gateway intends to aid merchants and any particular individual who offers or sells their services online. One of the unique features of CoinPayments is a $tag used to receive payments from all the coins is $PayByName which means you can pay by name.

The payment gateway offers many options like shopping carts and also provides purchase buttons to accept virtual currencies like Litecoin and Bitcoin, looks forward to integrating Binance Coin (BNB) on its payment platform.

Integration of BNB on CoinPayments
Recently, CoinPayments on Twitter announced that they were overwhelmed to integrate BNB (Binance Coin) on their platform.

They also added that the team is proud to help Binance to bolster the adoption of BNB, as it facilitates vendors to accept BNB payments at their stores.

Why Binance Coin (BNB)
The Coinpayments on their official blog explained the reason they chose BNB, saying in the upcoming years BNB will be a key asset utilized for the future Binance decentralized exchange and the gas which powers the platform.

Binance CEO Response
Changpeng Zhao, the CEO of Binance in response to the Coinpayments tweet, today on Twitter announced that BNB with its integration on the Coinpayments can be used at more than 2,300,000 vendors. He also added that the adoption of BNB is spreading.

Related Articles

Bitcoin Options Open Interest Rises to $9.6 Billion as Crypto Derivatives Peak

John Marks

In The Asia Pacific Region, Mastercard Has Launched The First Crypto-Funded Payment Cards

Kshitij Chitransh

Bitcoin Payments can be made at Dolder Grand

Akansha Kesarwani