Binance Picks TripleA as Global Cryptocurrency Payment Gateway
BinancePay Selects TripleA
According to a blog post published today, Binance has selected TripleA , a company that helps businesses enable crypto payments, as a global cryptocurrency payment gateway for Binance Pay. Binance Pay is a contactless payment feature on the company’s app which the firm describes as a bridge between Binance and the retail world. The crypto exchange noted that the latest announcement is an important part of Binance Pay’s global expansion plans. The partnership will also open the doors to several merchants including Novelship, one of Asia’s fastest-growing online marketplaces for limited-edition sneakers, streetwear, and collectibles, the announcement said. Commenting on the development, Richard Xia, CEO of Novelship, said,
“In a recent survey, an overwhelming number of our customers showed keen interest in paying using alternative assets such as cryptocurrency. Thanks to TripleA and Binance Pay, we are able to stay agile, adopt new payment technologies, and meet our customers’ needs swiftly.”
MAS-Registered TripleA
Binance’s collaboration with TripleA, a company that is licensed by Singapore’s central bank, the Monetary Authority of Singapore (MAS), will increase the adoption of Binance Pay. On partnering with TripleA, Binance Pay's, Regional Head of Business Development, Pakning Luk, said,
“We could not be more excited to announce TripleA as a strategic payment partner. This cements Binance Pay’s mission in providing businesses and consumers a contactless, borderless, and secure cryptocurrency payment experience.”
It is worth noting that while Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App, TripleA helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 300m+ cryptocurrency users.
