Binance Coin [BNB], the native token of one of the world's largest cryptographic exchanges, Binance integrated with CoinPayments. This is a huge incentive for the fourteenth largest cryptocurrency by market capitalization as the payment gateway has more than 2 million merchants in 182 countries, supporting over a thousand crypto-oxides.
Coingate took on Twitter to announce the new integration. The tweet reads: "We are pleased to announce the integration of @binance coin (BNB) on our platform.We are proud to help @cz_binance promote the use of Binance Coin by allowing merchants to accept BNB payments in their stores! "In response, Binance CEO Changpeng Zhao said:" #useBNB to 2,300,000 traders with this integration is spreading! "
In the blog, CoinPayments said that Binance has consistently been one of the high-level exchanges by volume and has also been loyal to its community. Thus, CoinPayments is "extremely proud" of providing an integration that enables the processing of BNB payments.
The platform also explained why it chose to integrate Binance Coin (BNB). The reasons include the extensive use of money by the Binancians (Binance users) to pay the trading fees, the potential for broader use and the support of the adoption of BNB. Furthermore, he added that in future "Binance currency will be the basic resource used for the decentralized exchange of Binance and the gas that powers the platform".
CoinPayments was founded in 2013 and was the first payment processor that supported altcoins. By creating a multi-currency portfolio and a payment processing solution, the platform has made it possible.
In addition to this, the platform also offers support for banking options through integrations with third-party companies. It also provides multi-signatures, cold rooms, instant confirmations, vaulting for long-term storage and many other features that need to be implemented in a few months.
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