Post by account_disabled on Mar 6, 2024 19:52:41 GMT 10
Despite a challenging backdrop in 2023, Binance Pay saw notable growth last year and reinforced its position as a leading platform for cryptocurrency payments.
Over the past 12 months, Binance Pay has focused its attention on improving user usability, seamlessly integrating cryptocurrency payments into everyday transactions through initiatives such as DeFi wallet integrations and various industry partnerships.
Reinforcing Binance's vision of promoting the freedom of money through cryptocurrencies, Binance Pay acts as a crucial bridge, opening up cryptocurrency payments as a fundamental step towards broader cryptocurrency adoption.
Reflecting on the whirlwind year that was 2023, the resilience of the crypto community shined through a backdrop of market uncertainty. Together, we continue to explore innovative ways to integrate crypto into everyday life, including the payments space, which have enormous potential to drive mass adoption. All of this makes it extremely encouraging to announce the remarkable growth that Binance Pay experienced in 2023, despite the complicated outlook.
In February 2021, we launched Binance Pay as a novel approach for users to seamlessly pay with cryptocurrencies: from travel and hotel bookings to fashion purchases and more. Originally launched as a simple online payment button, Binance Pay has evolved to encompass a multitude of crypto payment methods.
Over the past three years, the platform Ecuador Mobile Number List has seen and celebrated steady adoption, with total transactions exceeding a staggering $120 billion. Paying with crypto has never been easier or more prevalent! Read on as we delve into Binance Pay's defining moments in 2023, explore how our user-centric approach has been central to growth, and discuss the path forward to facilitate the continued role of crypto payments in global adoption. cryptocurrencies.
Accelerating Growth Through User-Centric Engagement
As with everything we do at Binance , earning trust and putting our users first has always been a core mission of Binance Pay. And so, 2023 was a year of consistent product improvement, where we brought on a number of new merchants and partners across different industries, all with the goal of providing even more value to all of you, our users and the global community.
Let's look at some of the highlights of 2023.
Promoting Cryptocurrencies with Binance Pay
Binance Pay transaction volumes increased by more than 71% year-over-year, surpassing $77 billion in 2023. But that's not all, our user base also grew significantly. By the end of 2023, the number of active Binance Pay users increased by almost 70% to over 12 million. A growing number of Binance users are now using Binance Pay to gift, send and receive crypto transactions. This growth signals greater integration of cryptocurrencies into everyday transactions, a trend we believe will persist as more people and businesses take advantage of the enormous potential of cryptocurrencies.
In the last year alone, thousands of new merchants have been added to Binance Pay. Together, these merchants create a broad shopping experience, helping to integrate paying for what you want with crypto into everyday life. 2023 also saw Binance Pay launch partnerships with key players in a variety of new industries, both inside and outside the crypto ecosystem, to make crypto transactions more accessible and simple for everyone.
A notable example would be Binance Pay's integrations with DeFi wallets, such as Trust Wallet, to simplify and unite billions of dollars in asset transfers. We also partner and work closely with various organizations to facilitate crypto payments for consumers in a wide range of areas, including wage disbursement and loyalty rewards programs.
Building and Evolving Crypto Payments
In our quest to keep pace with the ever-evolving needs of our users, we have developed and incorporated a number of new features into Binance Pay. From being able to easily send crypto via the 'Send Cash' feature to conveniently paying your portion of the bill in crypto with 'Bill Split', every feature of Binance Pay is meticulously thought out and designed to help make crypto payments so simple. and useful as possible.
To help people get familiar with these features, Binance also launched a series of comprehensive campaigns for users throughout the year. These initiatives sought to easily introduce both new and existing users to crypto payments, simplifying their first use and clarifying complexities.
Over the past 12 months, Binance Pay has focused its attention on improving user usability, seamlessly integrating cryptocurrency payments into everyday transactions through initiatives such as DeFi wallet integrations and various industry partnerships.
Reinforcing Binance's vision of promoting the freedom of money through cryptocurrencies, Binance Pay acts as a crucial bridge, opening up cryptocurrency payments as a fundamental step towards broader cryptocurrency adoption.
Reflecting on the whirlwind year that was 2023, the resilience of the crypto community shined through a backdrop of market uncertainty. Together, we continue to explore innovative ways to integrate crypto into everyday life, including the payments space, which have enormous potential to drive mass adoption. All of this makes it extremely encouraging to announce the remarkable growth that Binance Pay experienced in 2023, despite the complicated outlook.
In February 2021, we launched Binance Pay as a novel approach for users to seamlessly pay with cryptocurrencies: from travel and hotel bookings to fashion purchases and more. Originally launched as a simple online payment button, Binance Pay has evolved to encompass a multitude of crypto payment methods.
Over the past three years, the platform Ecuador Mobile Number List has seen and celebrated steady adoption, with total transactions exceeding a staggering $120 billion. Paying with crypto has never been easier or more prevalent! Read on as we delve into Binance Pay's defining moments in 2023, explore how our user-centric approach has been central to growth, and discuss the path forward to facilitate the continued role of crypto payments in global adoption. cryptocurrencies.
Accelerating Growth Through User-Centric Engagement
As with everything we do at Binance , earning trust and putting our users first has always been a core mission of Binance Pay. And so, 2023 was a year of consistent product improvement, where we brought on a number of new merchants and partners across different industries, all with the goal of providing even more value to all of you, our users and the global community.
Let's look at some of the highlights of 2023.
Promoting Cryptocurrencies with Binance Pay
Binance Pay transaction volumes increased by more than 71% year-over-year, surpassing $77 billion in 2023. But that's not all, our user base also grew significantly. By the end of 2023, the number of active Binance Pay users increased by almost 70% to over 12 million. A growing number of Binance users are now using Binance Pay to gift, send and receive crypto transactions. This growth signals greater integration of cryptocurrencies into everyday transactions, a trend we believe will persist as more people and businesses take advantage of the enormous potential of cryptocurrencies.
In the last year alone, thousands of new merchants have been added to Binance Pay. Together, these merchants create a broad shopping experience, helping to integrate paying for what you want with crypto into everyday life. 2023 also saw Binance Pay launch partnerships with key players in a variety of new industries, both inside and outside the crypto ecosystem, to make crypto transactions more accessible and simple for everyone.
A notable example would be Binance Pay's integrations with DeFi wallets, such as Trust Wallet, to simplify and unite billions of dollars in asset transfers. We also partner and work closely with various organizations to facilitate crypto payments for consumers in a wide range of areas, including wage disbursement and loyalty rewards programs.
Building and Evolving Crypto Payments
In our quest to keep pace with the ever-evolving needs of our users, we have developed and incorporated a number of new features into Binance Pay. From being able to easily send crypto via the 'Send Cash' feature to conveniently paying your portion of the bill in crypto with 'Bill Split', every feature of Binance Pay is meticulously thought out and designed to help make crypto payments so simple. and useful as possible.
To help people get familiar with these features, Binance also launched a series of comprehensive campaigns for users throughout the year. These initiatives sought to easily introduce both new and existing users to crypto payments, simplifying their first use and clarifying complexities.