Binance Pay, the rapidly expanding cryptocurrency payment technology and solution designed by Binance, has integrated Injective as a payment option. This latest move enables the use of INJ for merchant and peer-to-peer payments.
This integration empowers users to utilize INJ for transactions at various merchants and facilitates the transfer of INJ globally, further fostering the adoption of Injective through the innovative Binance Pay platform. Users starting now can pay for hotels, flights, online shopping and more using INJ via Binance Pay.
What to start accepting payments in INJ? Get Started Here: Link
What is Binance Pay?
Binance Pay is a payment technology that allows users to seamlessly send, receive, and spend cryptocurrencies. It offers secure, contactless, and borderless payment solutions that are perfect for everyday transactions. With support for major crypto assets, including Bitcoin, Ethereum, Injective and stablecoins, users have a wide array of options for making payments or receiving funds.
Binance Pay offers numerous benefits including convenience, cost-effectiveness, global reach, and advanced security features for both individual users and merchants. Currently, there are over 30 million Binance Pay users and thousands of merchants globally on Binance Pay. Users can pay for hotels, ecommerce, flights and much more using the platform.
Mass Adoption for Injective via Binance Pay
Injective is now one of the major blockchains to be natively integrated with the Binance Pay platform. This marks a significant leap forward as the Injective ecosystem can now tap into Binance Pay’s extensive network of users and merchants to easily send, receive, and spend INJ for everyday transactions and payments, further extending the adoption of Injective’s native asset.
This integration also brings new use cases for the INJ token, as it opens up new avenues for Injective users to seamlessly transact using INJ for their daily financial activities with merchants and peer-to-peer payments. Most Binance Pay transactions have zero fees, making it a cost-effective solution for peer-to-peer payments. Meanwhile, merchants are able to receive payments instantly, without the delays commonly associated with traditional payment methods.
Examples of merchants that have partnered with Binance Pay can be found here: Link and here: Link
For merchants that are interested to accept INJ payments with Binance Pay, you can find a guide here: : Link
How can you get started with Binance Pay?
Users can access Binance Pay through the Binance app or website. From there, you are able to send INJ by entering your recipient’s email, phone, Binance ID or scanning their pay QR. You can also request payments and add personalized messages.
To pay a merchant with INJ, you can scan the merchant’s Binance Pay QR code, utilize app checkout or payment links. To get started, please follow the official guidance on how to set up and start making payments with Binance Pay. To use your INJ token as payment, please select INJ as the cryptocurrency during the payment process.
About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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About Binance Pay
Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring gas fees for using crypto. Since its launch in February 2021, Binance Pay has processed over $153 billion in total volume across more than 1.2 billion transactions. The platform supports multiple cryptocurrencies for peer-to-peer and merchant payments, serving millions of users and thousands of merchants worldwide.