Binance Allows Users to Pay for Cabs with Crypto
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Crypto exchange Binance has closed a deal with API provider Splyt that will allow the exchange's users to pay for a range of services in cryptocurrencies.

As announced by Binance, the exchange is to become the first platform in the world to offer ride-sharing services on its platform.

From now on, users will be able to order cabs, pay for bike rentals and a variety of other services through Binance Pay without the need to download third-party mobile apps.

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The Splyt team will help serve the company's customers and partners through full integration of services, as well as built-in support in national languages.

Binance CEO Changpeng Zhao has demonstrated how a user can order a cab and pay for the ride with BNB tokens.

The news has come amid the crypto market fall.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Last June 13, the price of Bitcoin fell below $23,000 and the market capitalization of cryptocurrencies fell below $1 trillion.

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