Binance Pay and LATAM-focused Credencial Payments have formed a strategic partnership to foster the expansion of the digital payments industry. This collaboration allows businesses to incorporate Binance Pay as a payment option, enabling customers to make real-time crypto payments. Credencial Payment will be responsible for converting cryptocurrencies into local currency.
This partnership sets the stage for increased adoption and utilization of cryptocurrencies in daily transactions, further advancing the global acceptance of digital assets.
Maximiliano Hinz, the director of Binance for the Latam Southern Cone, expressed excitement about the collaboration, highlighting that payments are one of the earliest and most promising use cases for cryptocurrencies. He emphasized the immense potential for growth in the industry.
Ignacio Szperling, Strategy Manager at Credencial Payments, commented: “The agreement with Binance will allow us to bring the best of the crypto world closer to the traditional one, promoting new means of payment and simplifying operations of buying and selling products (and services) both for businesses and for consumers.“