Binance Pay Supports COTI
Binance Pay supports COTI Network native coin $COTI to enable borderless crypto payments. Binance Pay is a contactless, borderless and secure cryptocurrency payment technology that enables users to conveniently carry out borderless Crypto payments worldwide with zero fees. Binance’s suite of products is currently used by Binance’s millions of customers around the world.
Through this technology designed by Binance, users across the globe can now shop with $COTI or send $COTI to friends and family worldwide. Binance’s crypto offering reaches only 70+ cryptocurrencies supported on the app, and we are happy to be part of the selected few on the list.
COTI Benefits
- COTI network integrates both traditional and digital currencies and payment systems.
- It is the first platform that has created a stable price coin designed to minimize cryptocurrency price volatility, provide price stability, and increase the predictability of transaction costs.
- COTI wallet provides easy access, and instant payment networks are used as bank accounts for holding funds both in the form of digital and fiat currencies. Moreover, for easy accessibility of the COTI wallet, mobile and web applications are present.
- COTI Pay can process all payment types, both online and offline, including crypto and stablecoins, credit cards, and even a merchant’s native coin. It also has built-in financing with interest earned on deposits and business loans.
How to use Binance Pay on the Binance App?
With just a few taps, you can access Binance Pay easily from the Binance App.
There are four ways to access Binance Pay on your mobile:
- Tap on the QR code scanner from the App homepage and scan your recipient’s Binance Pay QR code;
- Then, tap the Binance Pay icon on the App homepage and tap [Send]. Enter the recipient’s email, phone number, Binance ID(UID), or Pay ID;
- Go to [Wallets] – [Funding] – [Pay] to enter Binance Pay and tap [Send]. Enter the recipient’s email, phone number, Binance ID (UID), or Pay ID;
- Long-press the Binance App icon from your mobile home screen and tap [Scan] to open up the QR code scanner. Scan your recipient’s Binance Pay QR code.
ABOUT Coti Network
COTI is a fintech program that has established decentralized payment networks and stablecoins. It lies on a multi-DAG (directed acyclic graph) data structure that processes over 100,000 transactions per second. It uses blockchain to run various products, including payment processing and finance using stablecoins, a white-label payment system, several loyalty networks, and cross-border remittance technology.
ABOUT Binance Pay
Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology designed by Binance. Binance Pay allows you to pay and get paid in crypto from your friends and family worldwide.
