29 August, 2024 –Banking Circle S.A., the innovative, tech-driven payments bank issuing the EURI stablecoin, has agreed with Binance Pay, a leading crypto contactless payment technology to facilitate EURI payments on the Binance Pay platform. The integration of EURI into Binance Pay allows users to transact seamlessly in this stablecoin, enhancing the utility of digital currencies in everyday financial transactions.
On August 28, 2024, Binance became the first digital asset trading platform to support EURI, the inaugural e-money token from Banking Circle compliant with the Markets in Crypto-Asset Regulation (MiCA).
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, Global Head of Web3 of Banking Circle, stated ‘”The 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 underscores the commitment of both Binance Pay and Banking Circle to driving the widespread adoption of digital currencies, paving the way for broader acceptance and use in everyday financial transactions.