February 3, 2021 Binance Launches a New Payment System: Binance Pay

Currently in beta, Binance Pay was launched to allow its users to make “contactless, borderless and secure” cryptocurrency payments, according its website. The platform will be able to send and receive payments in five cryptoassets: BTC, ETH, SXP, BNB, and BUSD. One fiat currency, the euro, will also be supported. Binance Pay will also give merchants an option to accept fiat-backed stablecoins so they are less exposed to the volatility of cryptocurrencies.