Crypto exchange Binance has just rolled out the beta version of its payment service. The platform CEO Changpeng Zhao said during the online conference Binance Blockchain Week:
"We think that payments is one of the most obvious use cases for crypto."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
The service, dubbed Binance Pay, is available to the registered users of the exchange. In order to create an account, they must first complete a KYC procedure.
Binance has reported the beta version supports the exchange token BNB, the stablecoin Binance USD (BUSD), Bitcoin (BTC), Ether (ETH) and the euro. In addition, users have access to the ecosystem token of digital asset-linked bank debit card issuer Swipe (SXP).
Transfers are limited to a maximum of $10,000 or 10 transactions per day.
Payment giant PayPal has previously started offering access to Bitcoin, Bitcoin Cash, Ether and Litecoin for US customers.