Apparently Binance Pay is in Beta, and if you dig deep enough into the mobile App you can enable it.
Pretty pumped for this! I was watching a video clip of CZ last night speaking from his blockchain week event and he had a couple announcements and on of them was Binance Pay is now live in Beta.
Move Over Apple Pay?
Maybe not quite yet but this is the beginning of Binance taking over the planet. I told you I've travelled to the future and Binance was killing it!
Are you down with pulling out a Binance Card to pay for your groceries if you're in North America? The US has been way behind on this tech, late to the game with Tap and late to the game with mobile pay too in terms of adoption.
Asia is out in front and I hear cards are going the way of the Dodo. So those guys will be App tapping at the checkout soon enough using crypto.
Binance Pay was originally announced I think back in October of last year but has now quietly moved into Beta. Looks like they were looking for a soft launch by not dropping a big public announcement until the feature had been included in the app for a couple days.
This is basically what CZ had to say about Binance Pay:
Payments are one of the most obvious use cases for crypto, but merchants don't accept crypto because not enough people will use it, maybe 1 in 1,000. With Binance Pay Merchants will be able to use stablecoins, allowing the user to pay and stay completely within crypto and the merchant to accept a crypto which is pegged.
Here is CZ's bit talking about Binance Pay
Binance Card
At the beginning of his talk he does mention Binance Card, and how demand has doubled for the card.
When Bank of Binance? That's my question.
PayPal also announced that it will enable Cryptocurrency as a funding source for purchases in 2021, allowing users to use their Cryptocurrency holdings to make purchases at its network of more than 26 million merchants. -paypal-corp.com
I was browsing the interwebs and came across a presser from Paypal talking about allowing merchants to accept crypto, this is a awesome and am looking forward to this being rolled out.
I think all of these pieces combined make up what will soon become meta, this is the metaverse unfolding in front of our eyes.
When PayPal Coin?
Also legit question right? It was speculated that PayPal would drop some news of a native coin early or Q1 2021, so I guess we'll keep tabs on that one. At some point though this will be a thing, I'm willing to bet on it.
Ciao for now,
