Cryptocurrency Industry News

Banking Circle S.A., the innovative, tech-driven payments bank, has agreed with Binance Pay, a leading crypto contactless payment technology, to facilitate EURI payments on the Binance Pay platform. The integration of EURI into Binance Pay allows users to transact seamlessly with this stablecoin, enhancing the utility of digital currencies in everyday financial transactions. On August 28, 2024, Binance became the first digital asset trading platform to support EURI, the inaugural e-money token from Banking Circle compliant with the Markets in Crypto-Asset Regulation (MiCAR). Jonathan Lim, Global Head of Binance Pay, stated, “At Binance Pay, we are committed to enhancing our payment system to simplify and improve the daily transaction experience for our users. The integration of EURI is a significant step towards transforming digital currencies into a mainstream payment method, thereby fostering greater financial inclusion and driving innovation across the global payments landscape.” Daniel Lee, Head of Web 3 at Banking Circle: “Our cooperation with Binance Pay allows us to leverage our strengths in financial technology to enhance the efficiency and security of digital payments. The introduction of EURI into Binance Pay’s ecosystem is a key step towards broader adoption of digital currencies.” This collaboration underscores the commitment of both Binance Pay and Banking Circle to drive the widespread adoption of digital currencies, paving the way for broader acceptance and use in everyday financial transactions. About Binance Pay Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology designed by Binance. It allows users to pay, send, and receive payments in over 300 cryptocurrencies from friends and family worldwide. Binance Pay has partnered with tens of thousands of merchants all over the world to enable users to shop with over 80 crypto tokens globally. Find out how to use Binance Pay here. About Binance Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 200 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com About Banking Circle S.A. Banking Circle S.A. is a public limited liability company (Société Anonyme) and a credit institution (e.g., a bank) headquartered in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) as its home regulator. Banking Circle S.A. has branches in Denmark, the UK and Germany, and subsidiaries in Liechtenstein, Singapore and Australia. As a fully licenced bank, Banking Circle S.A. enables payments companies and banks of any scale to seize opportunities in the new economy - quickly, at low cost. Banking Circle S.A. is a modern correspondent bank committed to building a local clearing network for all major currencies, to deliver fast, low-cost payments with no hidden fees for the beneficiary. It provides a suite of unique and award-winning banking solutions, including multi-currency banking accounts and Virtual IBANs, bank connections for local clearing and cross-border payments, all underpinned by market leading compliance and security. Through bespoke, flexible, scalable and futureproof solutions Banking Circle S.A. is enabling financial institutions to help their customers transact across borders in a way that was previously not possible.