Madrid, August 29, 2024 - Banking Circle S.A., the innovative technology-driven payments bank, has entered into an agreement with Binance Pay, a leader in cryptocurrency contactless payments technology, to facilitate EURI payments on the Binance Pay platform. The integration of EURI into Binance Pay allows users to transact with this stablecoin with ease, improving the utility of digital currencies in everyday financial transactions.
On August 28, 2024, Binance became the first digital asset trading platform to support EURI, Banking Circleâs inaugural e-money token that is compliant with the Markets in Cryptoassets Regulation (MiCAR).
Jonathan Lim, Global Head of Binance Pay, said: âAt Binance Pay, we are committed to improving our payments system to simplify and enhance the everyday transaction experience for our users. The integration of EURI is a significant step towards transforming digital currencies into a mainstream payment method, thereby fostering greater financial inclusion and driving innovation across the global payments landscape.â
Daniel Lee, Head of Web 3 at Banking Circle: âOur cooperation with Binance Pay allows us to leverage our strengths in fintech to improve the efficiency and security of digital payments. The introduction of EURI into the Binance Pay ecosystem is a key step towards broader adoption of digital currencies.â
This collaboration underscores the commitment of both Binance Pay and Banking Circle to drive mainstream adoption of digital currencies, paving the way for greater acceptance and usage in everyday financial transactions.
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About Binance Pay
Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology designed by Binance. It allows users to pay, send, and receive payments in over 300 cryptocurrencies from friends and family around the world. Binance Pay has partnered with tens of thousands of merchants around the world to enable users to purchase with over 80 cryptocurrencies worldwide. Learn how to use Binance Pay here.
About Binance
Binance is a leading global blockchain ecosystem behind the worldâs largest cryptocurrency exchange by trading volume and registered users. Trusted by over 200 million people across 100+ countries, Binance is trusted by industry-leading security, transparency, trading speed, investor protection, and an unrivaled portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is dedicated to building an inclusive crypto ecosystem to increase monetary freedom and financial access for people around the world with crypto as the foundational vehicle. For more information, please visit: https://www.binance.com
About Banking Circle S.A.
Banking Circle S.A. is a public limited company (Société Anonyme) and a credit institution (i.e. a bank) with its registered office in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier ("CSSF") as home regulator. Banking Circle S.A. has branches in Denmark, the United Kingdom and Germany, and subsidiaries in Liechtenstein, Singapore and Australia.
As a fully licensed bank, Banking Circle S.A. enables payment companies and banks of any scale to take advantage of the opportunities of the new economy, quickly and at low cost.
Banking Circle S.A. is a modern correspondent bank committed to creating a local clearing network for all major currencies to offer fast, low-cost payments with no hidden fees for the beneficiary. It offers a unique and award-winning suite of banking solutions, including multi-currency bank accounts and virtual IBANs, bank connections for local clearing and cross-border payments, all backed by market-leading compliance and security.
Through tailored, flexible, scalable and future-proof solutions, Banking Circle S.A. enables financial institutions to help their customers conduct cross-border transactions in ways that were not previously possible.
