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The cutting-edge, technologically advanced payments bank Banking Circle S.A. and Binance Pay, a leading cryptocurrency contactless payment technology, have reached an agreement enabling Banking Circle S.A. to handle EURI payments on the Binance Pay platform. Since, EURI is now integrated into Binance Pay, users may deal with this stablecoin with ease, increasing the usefulness of digital currencies in everyday financial transactions.
On August 28, 2024, Binance became the first digital asset trading platform to support EURI, Banking Circle’s inaugral e-money token that complies with 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.”
Through this partnership, Binance Pay and Banking Circle are demonstrating their shared commitment to promoting the wider acceptance and usage of digital currencies in everyday financial transactions.
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