According to Pakning Luk, head of regional business development at Binance, the payment division of the exchange has attracted about 120 million users.
We’ve been able to achieve these results by partnering with WooCommerce and connecting the most popular online trading platforms and retailers to Binance Pay.
The head of the department claims that about 40% of websites around the world use the WooCommerce e-commerce plugin, and the integration with the service allows users Binance Pay to make payments using more than 70 different cryptocurrencies.
“Together with WooCommerce, we have created an infrastructure to make payments faster and easier.
We created a front-end that allows our users to pay with Binance Pay without having to route them to a third-party app,” says Puckning Luk, proudly.
As the most popular options for users to use the service Binance Pay, Pakening Look has identified online shopping, as well as the transfer of money, which in the future will be able to compete with the service PayPal.
In March, cryptocurrency payments operator CoinGate announced about the integration of its payment solution with the Binance Pay platform and the launch of a joint program for processing incoming user transactions.