With the help of Binance Pay, users may instantly and for free send, request, and receive roughly 150 different crypto currencies from other users. At a time when cryptocurrency trading volumes are at two-year lows, Binance recently dropped trading fees for both bitcoin (BTC) and ethereum (ETH).
Since the feature’s initial deployment in February 2021, Binance customers outside of the United States have had access to it. Back then, the founder and CEO Changpeng Zhao (CZ), stated that one of the “most apparent use cases for cryptocurrency” is payments.
“Pay eliminates the complexities of transferring crypto to contacts as users no longer need to enter a complex deposit or withdrawal address, pay gas fees, or wait an unspecified amount of time for transactions to successfully settle,”.
the press release said
Users of this exchange will be able to use this function right away as long as the exchange is operational on the online version as well.
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