Fun

Binance Pay and GoCrypto Bring Crypto Payments Closer to Everyday Use

News Feed - 2021-09-10 12:09:05

Binance Pay and GoCrypto Bring Crypto Payments Closer to Everyday Use press release


PRESS RELEASE. GoCrypto, a solution allowing merchants to accept, store, withdraw and buy cryptocurrencies, announced the integration of Binance Pay into the GoCrypto system giving crypto adopters more options to use crypto as the mainstream means of payment as they are intended to be.


The GoCryptosolution, developed by Elly – a fully regulated company, is currently available in 64 countries, and is expanding to new markets as regulations evolve and allow. GoCrypto enables online and brick-and-mortar merchants to accept instant payments with various crypto wallets.


The integration of Binance Pay into the GoCrypto payment network enables tens of millions of Binance app users to use 40+ Binance Pay-supported cryptocurrencies at thousands of GoCrypto locations around the world. Elly, the GoCrypto developer, also presented the multichain bridgefor its native GoC token, which enables migrations between the SLP protocol on the Bitcoin Cash blockchain and Binance Smart Chain (BSC).


Contactless. Borderless. Secure.


GoCrypto has already made its home country, Slovenia, the global leaderin the number of brick-and-mortar shops and services accepting payments with crypto wallets, showing that it can benefit the retail space and the customer experience tremendously.


As Elly’s CEO Dejan Roljic states:


“ The interest in crypto use is growing daily, and our solution enables crypto adopters to use the currencies as they were intended–as a highly practical means of payment. The connection between our system and the users of Binance will bring crypto usability and adaptability further along. The integration of Binance Pay into the GoCrypto network means instant accessibility of GoCrypto locations to tens of millions of Binance users, and so much more. It is a strong sign of the digital era. Newer, better and faster payment options optimise the merchants’ costs and enhance their cash-flow.”


Changpeng “CZ” Zhao, CEO and co-founder at Binance commented:


“The ultimate goal of cryptocurrencies is to provide not just an alternative asset class for investors, but to provide alternatives to fiat currencies for everyday purchases. In partnering with GoCrypto, Binance Pay takes a step forwards in helping to bridge the gap between conventional financial systems and the crypto ecosystem making crypto adoption for payments significantly easier.”


 


 


About Binance


Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com


About Binance Pay


Binance Pay is a contactless, borderless and secure user-to-user cryptocurrency payment feature on the Binance App with more than 40 cryptocurrencies supported. Binance Pay allows users to pay, send and receive crypto payments around the world without incurring any fees. Binance Pay also allows merchant-based transactions, letting users and merchants choose their preferred payment options.


GoCrypto, the world’s fastest growing crypto payment network


GoCrypto operates as a global payment scheme connecting crypto users, wallets, exchanges, cash register systems, payment solution providers and merchants. It enables merchants with brick-and-mortar or online stores to accept instant crypto payments from different crypto wallets with millions of users and to receive settlement in their local fiat or crypto. GoCrypto is available as a stand-alone solutionfor online and brick-and-mortar stores, or as a solution within the Elly POS terminal.


About GoCrypto token The GoCrypto (GoC) token is a multi-chain utility token issued on the Bitcoin Cash (SLP) blockchain and the Binance Smart Chain (BSC) through the newly “built” GoC Bridge, with Solana (SOL) soon to follow. GoC is integrated into all Elly applications and services, and is used for payments on the GoCrypto platform and in the loyalty program. Contact


For more information about GoCrypto and its developer, Elly, please contact us at media@elly.com .


 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. India"s Cryptocurrency Legislation Will Be "Distinct and Unique," Says Lawmaker REGULATION | 1 hour ago Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market REGULATION | 4 hours ago Tags in this story Binance Pay, Gocrypto


Image Credits: Shutterstock, Pixabay, Wiki Commons

News Feed

Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including
US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’
US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell "Bears Direct Responsibility" U.S. Senator Elizabeth Warren has called for a “thorough, indepe
ZkSync says 695K wallets eligible for next week’s ZK token airdrop
Jesse Coghlan2 hours agoZkSync says 695K wallets eligible for next week’s ZK token airdropThe Ethereum scaling blockchain set aside two-thirds of its 21 billion ZK token supply to give to its community, with select use
Cynthia Lummis backs Ian Cain over crypto lawyer John Deaton for Senate
Turner Wright8 hours agoCynthia Lummis backs Ian Cain over crypto lawyer John Deaton for SenatePro-crypto Senator Cynthia Lummis cited Republican Ian Cain’s understanding of blockchain technology and the digital econom
David Attlee13 hours agoInstitute for blockchain and crypto research opens in FranceThe Institute of Crypto-Assets held a formal opening at the Léonard de Vinci Centre in the business district just outside of Paris.1149
Nigerian CBDC Website Goes Live, Central Bank Faces Trademark Infringement Allegations
Nigerian CBDC Website Goes Live, Central Bank Faces Trademark Infringement Allegations According to reports from Nigeria, the official website for the Central Bank of Nigeria (CBN)
Turner Wright5 hours agoCoinbase political initiative features US lawmaker who admitted to ethics violationsRep. David Schweikert, featured as a lawmaker “very supportive” of crypto in the United States, paid $175,00
Tether, TON team up with mobile app for USDT-to-fiat transactions
Derek Andersen11 hours agoTether, TON team up with mobile app for USDT-to-fiat transactionsThe Open Network users will be able to use Oobit’s Tap & Pay technology to pay merchants in fiat while spending USDT.2514 T
DentaVox: Market Statistics Powered by Blockchain
DentaVox: Market Statistics Powered by BlockchainBack in November 2017, the Netherlands-based Dentacoin Foundation launched its market research platform DentaVox among other softwar
Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks
Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks The Bank of England says “extreme volatility” in the crypto market “underscore
Bitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMR
Rakesh Upadhyay4 hours agoBitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMRBitcoin’s recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher
Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam
Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled a