CoinGate has announced that it has integrated Binance Pay on its payment processing platform, allowing companies to accept payments from users of the Binance Pay app.
The new partnership will provide customers of CoinGate-powered stores with more payment options and convenience when Binance Pay feature is activated, enabling them to use their choice of cryptocurrency directly from their Binance wallets.
According to CoinGate’s CEO, Justas Paulius, this collaboration is a significant step towards pushing for crypto adoption in all possible ways.
The integration is enabled by default and accessible using the standard integration channels. Binance Pay integration with CoinGate is free for the first three months, and there will be a 0.3% fee after that period until deactivated.
This enhancement of CoinGate’s services will standardize companies’ acceptance of cryptocurrency payments and is a big step in ushering in a new age for businesses willing to embrace the monetary innovations of the future. CoinGate revealed earlier this year that crypto payments in eCommerce had climbed over 60% in 2022.