Crypto exchange Binance announced that customers in the United States can now use its payments system Binance Pay to transfer money to their mobile app.
Clients outside of the United States had access to this feature since February 2021, since Binance Pay was first introduced. At the payments system’s launch, Changpeng ‘CZ’ Zhao, Binance’s founder and CEO, declared that the payments use case makes the most sense for crypto, naming it the ‘most obvious’.
Through Binance Pay, users can transfer close to 150 different cryptocurrencies from other users. Binance customers can request, receive, and send crypto via instant and zero-cost transfers. In recent news, Binance chose to eliminate trading fees for the biggest cryptocurrencies on the market, Bitcoin and Ethereum. This was a bid to appeal to more customers at a time when crypto trading registered lower volumes.
According to the company, Binance Pay can eliminate the hurdles of crypto transfers to contacts since users can forget about entering a cumbersome deposit or withdrawal address, wait an unknown period for transactions to settle successfully, or pay gas fees.
Binance customers can use the feature right off the bat and the company declared that it is currently working on version for the web.