{"id":377561,"date":"2023-02-24T20:12:54","date_gmt":"2023-02-25T01:12:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=377561"},"modified":"2023-02-24T20:12:54","modified_gmt":"2023-02-25T01:12:54","slug":"new-binance-partnership-paves-way-for-in-store-crypto-payments-in-france","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/new-binance-partnership-paves-way-for-in-store-crypto-payments-in-france","title":{"rendered":"New Binance Partnership Paves Way For In-Store Crypto Payments In France"},"content":{"rendered":"<ul>\n<li><strong>What &ndash; <span style=\"font-weight: 400\">According to the announcement, the project will enable users to make payments in crypto at stores via Binance Pay.<\/span><br>\n<\/strong><\/li>\n<li><strong>Why &ndash;&nbsp;<\/strong>The report noted that the program would pilot only in Ingenico Axium payment terminals in France in the second quarter of 2023.<\/li>\n<li><strong>What Next<\/strong> &ndash; Binance revealed the news in an<a href=\"https:\/\/twitter.com\/binance\/status\/1628288699296370690\"><span>&nbsp;announcement<\/span><\/a><span>.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Crypto has reached another milestone in adoption as a partnership of Binance with a cloud-based payment platform, Ingenico, enables crypto payments in France.&nbsp;<\/span><\/p>\n<h2><strong>Binance&rsquo;s New Approach To Crypto-Fiat Payment<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Binance has aggressively expanded its operations worldwide while launching projects to bring web2 and web3 financial services together. The new payment solution is an example of such a project.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of now, the program supports over 50 cryptocurrencies. Initially, Merchants could only deposit <a href=\"https:\/\/insidebitcoins.com\/news\/world-wide-web-founder-tim-berners-lee-says-cryptocurrency-only-speculative\">cryptocurrency<\/a>, but the new partnership introduced a crypto-to-fiat solution to allow merchants to receive fiat payments.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, the <\/span><span style=\"font-weight: 400\">announcement noted<\/span><span style=\"font-weight: 400\"> that the pilot would start with two French merchants, Le Carlie, and Miss Op&eacute;ra, in the retail and hospitality sectors. Although the pilot is kicking off in France, other Binance crypto payment-approved European countries will follow.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Crypto payments just got easier in France &#127467;&#127479;<\/p>\n<p>We've recently partnered with <a href=\"https:\/\/twitter.com\/ingenico?ref_src=twsrc%5Etfw\">@ingenico<\/a>, a global payment solutions provider, to enable users to pay in crypto through <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> Pay.  <\/p>\n<p>Another milestone for global crypto adoption &#129309; <a href=\"https:\/\/t.co\/S8f8Pab7nW\">pic.twitter.com\/S8f8Pab7nW<\/a><\/p>\n<p>&mdash; Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1628288699296370690?ref_src=twsrc%5Etfw\">February 22, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The move aligns with Binance&rsquo;s aggressive service expansion strategy, as the firm has already started making moves in several countries across the globe. Binance added France, Italy, Lithuania, Spain, Cyprus, Polan, and Sweden to its list of approved countries for crypto operations.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, in-store payment devices require some integration to start accepting cryptocurrencies. But Binance claims its new fiat-to-crypto solution is all-in-one, allowing easy merchant and customer onboarding.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a statement, the head of Binance Card and Binance Pay, Jonathan Lim, commented that the payment solution is a new market approach to ensure easy access to crypto payments for customers.<\/span><\/p>\n<h2><b>Similar Projects By Binance and Other Firms<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Over the past year, Binance has initiated several payment solutions across the globe. It <\/span><a href=\"https:\/\/twitter.com\/binance\/status\/1620081823849287681\"><span style=\"font-weight: 400\">launched a new partnership<\/span><\/a><span style=\"font-weight: 400\"> with Mastercard to offer a prepaid crypto card in Brazil on January 30. The card issuer is Dock, a Brazilian Central Bank-regulated payment institution.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the report, the card will allow new and existing Binance customers in Brazil with valid IDs to make payments in cryptocurrency. Binance disclosed that the card is already beta testing and will go public soon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In August 2022, Binance partnered with Mastercard to launch a crypto card payment solution in Argentina. The <\/span><a href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/binance-and-mastercard-launch-prepaid-card-in-argentina-to-bridge-cryptocurrencies-and-everyday-purchases-813484963.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\"> noted that the card would allow Binance&rsquo;s clients in Argentina to withdraw crypto in fiat money at ATM terminals. Also, it would enable Binance&rsquo;s Argentina customers to purchase from about 90 million offline and online Mastercard-enabled merchants.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2020, the crypto exchange <\/span><a href=\"https:\/\/www.binance.com\/uk-UA\/cards\/\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> a similar program for Ukrainian refugees. The cryptocurrency exchange teamed with Visa to launch a card to allow refugees to make crypto transactions and receive money. Binance also worked with several entities, including Rotary, Palianytsia, and the European banking service platform Contis.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Many crypto-based firms have tried similar projects to bridge fiat and crypto payments. For example, on February 10, <\/span><span style=\"font-weight: 400\">Bit2Me<\/span><span style=\"font-weight: 400\"> announced a Mastercard partnership to roll out debit cards allowing crypto cashback for its customers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The new offer allows Bit2Me customers to enjoy a 9% cashback on all online and in-store purchases made with the debit card.<\/span><\/p>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - Wall Street Pepe<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Audited By Coinsult<\/li>\n                                                                                                    <li>Early Access Presale Round<\/li>\n                                                                                                    <li>Private Trading Alpha For $WEPE Army<\/li>\n                                                                                                    <li>Staking Pool - High Dynamic APY<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\">\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 text-center\">\n                                        <div class=\"inContentProviderSingle--button\">\n                                                                                        <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetpepe\" title=\"Start Trading\" rel=\"nofollow\">Learn More<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderSingle--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">What &#8211; According to the announcement, the project will enable users to make payments in crypto at stores via Binance Pay. Why &#8211;\u00a0The report noted <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1912,"featured_media":377562,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7612,7613],"class_list":["post-377561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-binance","tag-bnb"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Binance Partnership Paves Way For In-Store Crypto Payments In France - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Crypto has reached another milestone in adoption as partnership of Binance with a cloud-based payment platform, Ingenico, enables crypto payments in France.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Binance Partnership Paves Way For In-Store Crypto Payments In France\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-25T01:12:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/ec071218-ed33-4351-ac16-79337266162d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yuri Molchan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yuri Molchan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561\"},\"author\":{\"name\":\"Yuri Molchan\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/4ddedf5a016fc1909f0eb68b3e8d9eb1\"},\"headline\":\"New Binance Partnership Paves Way For In-Store Crypto Payments In France\",\"datePublished\":\"2023-02-25T01:12:54+00:00\",\"dateModified\":\"2023-02-25T01:12:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561\"},\"wordCount\":546,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/ec071218-ed33-4351-ac16-79337266162d.png\",\"keywords\":[\"Binance\",\"BNB\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/377561\",\"name\":\"New Binance Partnership Paves Way For In-Store Crypto Payments In France - 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