Compete with PayPal and Apple Pay? Binance’s crazy bet to help you spend your money on cryptography

They all want their piece of the pie – While Paypal is integrating Bitcoin into its currencies to position itself as a payment pioneer, Chinese champion Binance doesn’t want to miss the mass adoption train and is adding a new weapon to its arsenal of crypto payment solutions.

Spend your BTC, ETH or BNB from your mobile phone

Spend your BTC, ETH or BNB from your mobile phone

Presenting itself as a simple wallet, Binance Pay only supports a few currencies, namely : Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD), Ethereum (ETH), Swipe Token (SXP) and the Euro.

From now on, the company allows you to deposit them on Binance Pay and then spend them or receive others via mobile, generating a QR code to be scanned.

To do this, the application proposes to « integrate » the exchange’s debit card. It is therefore able to instantly convert the supported cryptos into a stablecoin or fiat currency at the time of payment, avoiding the interaction of the seller with the underlying crypto-actives.

Nothing quenches « CZ »‘s appetite.

Nothing quenches "CZ"'s appetite.

The announcement was made during Binance Blockchain Week. The exchange had just quietly launched a beta version of Binance Pay. The application wants to be an answer to PayPal or Apple Pay in the boiling market of dematerialized payment means, while the very existence of cash seems to be questioned lately.

As the giant and partner VISA already offers gateways between traditional banking and crypto-actives, hardware could be the last line of defence. Moreover, the Chinese predominance in 5G or processors is already acquired.

In order not to be overtaken by speed, Changpeng « CZ » Zhao, the CEO of Binance, is constantly innovating. With its BNB, BUSD, staking, DEX or CB solution, the largest exchange in the world clearly shows its ambitions. Binance Pay adds a string to its bow, because the battle for the democratisation of crypto has only just begun.

How to buy crypto?

How to buy crypto?

How to buy cryptomoney?

  • Choosing a site for investment. On the market, there are sites such as Bitstamp, Coinbase, CEX IO, Bitpanda, Binance, u2026 …
  • Sign up on the platform. …
  • Make a deposit on the site in question.

How do I buy Bitcoin on the Blockchain?

How to buy your first Bitcoin Once you have created your portfolio, go to the « Buy Bitcoins » tab to create an account on the integrated exchange platform of one of our partners.

How do I buy and sell Bitcoin?

Option 1: Sell Bitcoin on a trading platform

  • Step 1: Choose a trading platform and create an account …
  • Step 2: Place an offer to sell. …
  • Step 3: Withdraw funds from your bank account. …
  • Step 1: Choose a platform and register as a seller.

How do I buy Bitcoins on Binance?

How do I buy Bitcoins on Binance?

The easiest way to get Bitcoin at Binance is to buy it by credit card. To do so, point your cursor to « Buy Cryptos » and click on « Credit/Debit Card ».

How to buy Altcoins?

In summary, the purchase of altcoins is a three-step process. The purchase of bitcoins or ethers (from euros) on a purchasing platform such as Coinbase. The transfer of your bitcoins to an exchange platform like Binance. The purchase of altcoins (against your bitcoins) on the Binance exchange.

How to pay on Binance?

While many platforms don’t offer this option, Binance allows you to purchase Bitcoin and other cryptomoney directly with a credit card or bank transfer. There are therefore two main methods of purchase available to you, payment by SEPA transfer or with a credit card.

How do we get his money back from Binance?

Visit https://www.binance.com and log in to your Binance account. 2. After logging in, click on [Wallet]-[Spot Wallet] at the top right of the page. Then click the [Withdraw] button on the right banner.

Why are crypto coins falling?

Why are crypto coins falling?

The number of tokens in circulation decreases as the number of victims increases. This system is deflationary and in other words, over time, the more victims there are, the more valuable the cryptomony will become.

What influences the price of Bitcoin?

Bitcoin, a volatile asset As with these other assets, the value of Bitcoin is determined by supply and demand in marketplaces. At any given time, economic players make offers to buy and sell Bitcoin at a price they determine based on their own analysis.

What crypto for 2021?

Name Market capitalization Number in circulation
Ethereum (ETH) + over 134 billion euros 114 M
Ripple (XRP) + 10.3 billion euros 45.4 billion
Bitcoin Cash (BCH) + 6.9 billion euros 18.6 M
Tether (USDT) 50.5bn + 50.5bn euros 24 billion

When will the crypto money come up?

2021 should be the year of its explosion with expected integrations. MakerDAO (MKR, DAI): after three years of existence, the token has remained stable and is counting on 2021 to multiply and become the main currency within the Ethereum system.

Where can you buy Bitcoins?

1. Choosing a platform to buy Bitcoin

  • Bitcoin Trader : Ideal platform to invest in BTC even for beginners.
  • eToro: Best platform for buying Bitcoin in CFDs.
  • Libertex: Platform that offers MetaTrader 4.
  • Coinbase: A powerful application for trading Bitcoin.

What is the best site to buy Bitcoins?

Comparison of best sites to buy Bitcoin in 2020

  • 1- eToro: the best site to buy Bitcoin.
  • www. etoro. easily.
  • 2- Binance: the best site for trading crypto Coins.
  • www.binance.com.
  • 3- Coinbase Buy Bitcoin on Binance.
  • www.coinbase.com.
  • 4- Huobi Buy Bitcoin on Coinbase.
  • www.huobi.pro.

Où acheter Bitcoin tabac ?

City Platform Address
Fontainebleau KeplerK 35 bd du General Leclerc
Fresnes KeplerK Parc de la Cerisaie, 5 allée des Fleurs

Compete with PayPal and Apple Pay? Binance’s crazy bet to help you spend your money on cryptography
4.9 (98%) 32 votes