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.

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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.

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RESOURCES

Coti Network

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The Mini App allows you to purchase SafePal hardware wallets and access its other services without leaving the Binance app. As Safepal announced its Integration with Binance Pay.

What Does the Mini App Do?

The Mini App allows you to purchase SafePal products with your crypto stored on Binance. Veronica Wong, CEO of Safepal, is here to explain further:

“As the only hardware wallet company invested in by Binance Labs, SafePal is extremely excited to continue holistically supporting and integrating innovative Binance solutions such as the Binance Mini Program. 

We look forward to providing the Web3 community access to the full suite of SafePal product lines through Binance Pay and allowing the crypto community to purchase SafePal hardware wallets using their favorite cryptocurrencies.“ 

How to Access the Safepal Mini App

1. Log in to your Binance app.
2. Make sure you’re on Pro mode, and drag down on the homepage to access the [Marketplace].
3. Use the search function at the top and type in ‘SafePal’.

Secure Your Crypto With a SafePal Solution

With the Binance Pay Marketplace, your crypto isn’t just for trading. Its large selection of Mini Apps unlocks the payment power of your tokens and coins, with SafePal joining an already extensive roster of available merchants and service providers. So, with SafePal on board, what better way to spend your crypto than on something that will help store it securely? Binance app users are now only a few taps away.

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About SafePal

Founded in 2018, SafePal is a complete suite of secure crypto management solutions that are accessible to seasoned crypto veterans and newcomers alike. The project was also one of Binance Labs’ first and only hardware wallet investments in their incubation program. 

SafePal now serves more than six million users across the globe with hardware wallets, software wallets, and browser extension wallet product lines. All of these are paired and managed through the SafePal App, where users can easily store, manage, swap, and trade their assets. 

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About Binance Pay

Binance Pay is a simple, borderless, and secure way to send and receive cryptocurrencies from your mobile devices. You can send crypto to friends and family via email, phone number, Binance ID (UID), or Pay ID with zero gas fees.

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SOURCE: BINANCE BLOG

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Inswitch partnership with Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance, which will enable both sides to improve their fintech solutions and offer Binance Pay to all merchants in LATAM.

The partnership between Binance Pay and Inswitch will provide millions of LATAM merchants with intriguing options in the crypto space, allowing them to increase revenue by accepting crypto and enabling all companies with a new way to service payments.

Features involved in this partnership will allow merchants to:

• Receive payments in 50+ cryptocurrencies with lightning-fast payments.
• Support new products or business models and accept recurring payments globally
• Quickly set up Binance Pay and manage recurring customers with Inswitch’s APIs and solutions (e.g. Payment Links, Hosted Checkout, etc)

“We are very excited and committed to democratize the payment industry. Connecting more than 650 million in Latam with e-commerces around the world. Now merchants will have more options on how to get paid and let their customers choose how to pay wherever they are.” said Ronald Alvarenga, CEO of Inswitch.

Furthermore, with Inswitch, merchants can configure everything through Inswitch Business Portal or create new digital journeys through flexible APIs and a suite of low-code fintech products. And merchants are able to flexibly accept different payment methods to best fit their needs.

This agreement will support different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Binance Pay and Inswitch are position to deliver a robust turnkey solution across a variety of sectors. Including eCommerce, Retailers, Travel, CPGs, Banks, and Gig economy among others.

“We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this keeps reinforcing Binance Pay’s objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers.” stated Jonathan Lim, Global Head of Binance Pay.

About Inswitch

Inswitch is a global leader in embedded financial technology. Helping companies and organizations to rapidly implement their own digital financial services. With the Inswitch API-based Fintech-as-a-Service platform. Any company can become a Fintech and choose the best solution for its specific needs. All with a fast go-to-market strategy, zero friction and using the Inswitch global network for cash, banking, credit/debit cards, issuing and payment operations.

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About Binance Pay

Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto.

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SOURCE

https://www.prnewswire.com/news-releases/inswitch-partners-with-binance-pay-to-boost-crypto-payment-adoption-in-latam-301617972.html

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Partnership HighLights

This partnership of Binance Pay and Splyt will allow Binance users to seamlessly access ride-hailing services and experiences from within the Binance App.

With this partnership, Binance becomes the first-ever cryptocurrency ecosystem to offer ride-hailing services on its platform. Additionally, by using Binance Pay, users can easily access and complete Splyt transactions on the Binance App. However, the features and benefits of Splyt are available directly within the Binance interface without needing to close the mobile app or switch to other platforms. Furthermore, users can also pay for the services in their most preferred cryptocurrency.

Management Quotes

Pakning Luk, Regional Head of Business Development for Binance Pay: “Binance Pay is proud to be partnering with Splyt globally as we expand our offering to our user base. Although, without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.”

In other words, the partnership with Splyt enables Binance Pay to be the bridge between Binance and the retail world.

Philipp Mintchin, Co-founder and CEO of Splyt: “We’re thrilled to partner with Binance Pay, which is backed by the world’s leading cryptocurrency exchange, as it pioneers the integration of ride-hailing and evolves into a true super-app. Furthermore, Binance’s 90 million users will become an incredibly strong demand partner for our ride-hailing and experience providers network.”

About Binance Pay

Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Nonetheless, Binance Pay allows users and merchants to send and receive crypto payments worldwide without incurring special handling fees for using crypto.

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About Splyt

Splyt is a super app enabler and the leading on-demand services network. It integrates ride-hailing, transfer, scooter, bike-sharing and experience providers into super apps and travel platforms.

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SOURCE

https://www.binance.com/en/blog/payment/binance-pay-partners-with-splyt-to-bring-binance-users-in-150-countries-ridehailing-services-and-experiences-421499824684904014

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