Based on a recent report, Binance Coin (BNB) has been integrated into the CoinPayments platform. This report came from a recent tweet made from CoinPayments’ official Twitter account.
Tweets From Both Sides
Binance Coin (BNB) is the native token of the popular and number one crypto exchange in the world —Binance.
The tweet confirming the addition of BNB to the CoinPayments’ platform states that:
“We are happy to announce the integration of @binancecoin (BNB) into our platform. We are proud to help@cz_binanceto further the adoption of Binance Coin by allowing merchants to accept BNB payments in their stores!”
The CEO of Binance, Changpeng Zhao, has also confirmed this in a recent tweet. He stated that:
“use BNB at 2,300,000 merchants with this integration. It’s spreading!”
About CoinPayments
CoinPayments which was founded in 2013, is a payment processor that allows merchants to accept all the major cryptocurrencies and altcoins (a total of 1,060 cryptocurrencies) in their stores. This is achieved by the use of plugins, APIs and POS (Point of Sale) interfaces. The payment processor has over 2.3 Million users across 182 countries around the world.
According to a previous report, it was made known that CoinPayments pioneered the acceptance of altcoins in the industry. The platform was able to achieve this through the creation of a multi-currency wallet and payment processing solution.
CoinPayments has also commented on some functions of BNB which makes the token a perfect addition to its platform.
The team listed the following reasons.
- Supporting the further adoption of BNB as outlined by Binance
- BNB will be used in the upcoming Binance decentralized exchange to pay for trading fees and also to power the platform in the form of gas
- The potential for wider use within the Binance community
- BNB is widely used by Binancians (users of Binance) to pay for trading fees
