In addition, according to the blog post, the technology features a Merchant API. It enables both online and offline merchants to accept crypto payments. One of the online merchants, travel agency Travala, has integrated Binance Pay on its platform last month. It became the first merchant to do so.  

Binance Pay is a payments technology that allows users to send and receive crypto to and from users all around the world. It is available for clients who registered on the website of the cryptocurrency exchange Binance.com and completed the identity verification process. The payments platform had a quiet release of its beta version in February this year. It was initially available only for peer-to-peer transactions and supported six cryptocurrencies.

Another cryptocurrency exchange also launched a payment service this month. Bitfinex, the fifth-largest exchange on CoinMarketCap.com, announced the launch of Bitfinex Pay. Their service can be placed as a widget on a merchant’s website to allow crypto payments.

The post Binance Pay introduces the Pay and merchant features appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The acquisition is predicted to finish in the first half of 2021. There was no mention of the financial details of the crypto security company acquisition in the press release. However, CNBC suggests the sum to be under $200 million. In October last year, PayPal launched a service that allows the company’s clients to use their accounts for holding, buying, and selling cryptocurrency.  

It could still be a long way before cryptocurrencies reach mass adoption worldwide. Meanwhile, payment providers develop services allowing their clients to use crypto for making purchases. In addition, Citi bank suggested that Bitcoin’s decentralized nature, security, and neutrality, among its other characteristics, could push it closer to mainstream adoption.

Visa announced last month a pilot program of APIs that banks could use to offer Bitcoin banking services to their clients. Moreover, MasterCard is planning to support stablecoins on its network. Crypto exchanges also go into crypto payment technology, with Bitfinex recently introducing its Bitfinex Pay, and Binance launching Binance Pay.

The post PayPal will acquire crypto security company Curv appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Bitfinex Pay can be placed on a website as a widget. Then, by clicking on it, customers go to the payment gateway that allows them to use crypto. Merchants will receive payments from their customers to their wallets on the Bitfinex platform, the announcement says. At the moment, the widget allows accepting payments in Bitcoin (BTC) and Lightning Network BTC (LN-BTC), Ethereum (ETH), and Tether (USDT).

Bitfines ranks fifth on CoinMarketCap.com by traffic, liquidity, and trading volume. The exchange has recently appeared in the news as the New York Attorney General Letitia James required Bitfinex and Tether to stop trading in New York State. Along with halting their operations, the firms also will pay an $18.5 million fine, Decrypt says. As per the source, the investigation into the firms led to the conclusion that companies misrepresented the backing of Tether by US dollar.  

Some of the leading crypto exchanges also offer cryptocurrency payment technology. For instance, Binance recently launched Binance Pay. Moreover, Coinbase’s service Coinbase Commerce integrates with Shopify and WooCommerce stores.

The post Bitfinex announces the launch of crypto payment technology appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.