In a strategic alliance that aims to revolutionize the digital payments landscape, Binance Pay, the digital payments platform of the world’s largest cryptocurrency exchange, Binance, has partnered with Latin American (LATAM) company Credencial Payments. This collaboration will allow merchants to accept Binance Pay as a new payment method, significantly expanding the use of cryptocurrency in the region.
Credencial Payments will allow customers to pay with cryptocurrencies in real time, both physically and through e-commerce platforms, facilitating the conversion to local currency. This alliance comes amid the growing importance of digital assets and the increasing adoption of cryptocurrencies around the world. It presents a significant step to make cryptocurrencies more accessible and usable in everyday life.
“Binance Pay’s partnership with Credencial Payments is a concrete move towards incorporating the use of cryptocurrencies,” said Maximiliano Hinz, Director of Binance for LATAM Southern Cone. “Payments are one of the first use cases for cryptocurrencies, and we believe there is considerable room for growth in adoption. Thanks to this partnership, users will be able to use Binance Pay to pay with the cryptocurrency of their choice. This is one more step in our ongoing efforts to promote the global adoption of cryptocurrencies in a tangible way, bringing them closer to everyday life.”
The partnership between Binance Pay and Credencial Payments could further fuel the cryptocurrency boom, particularly in Latin America, a region that has shown increasing interest in digital assets.
The cryptocurrency market continues to gain credibility and greater acceptance as more companies like Binance and Credential Payments create solutions that simplify and promote the use of digital assets. The strategic alliance means a breakthrough for the use of cryptocurrencies in the LATAM region, where digital payments are progressively becoming the norm.