Digital Assets: Binance And Ingenico Tie Up For In-Store Crypto Payments In France

February 23, 2023 | Digital Assets, FinTech, News

This solution is now available on Ingenico AXIUM payment terminals.

Ingenico, the world leader in payment acceptance solutions, has partnered with Binance, the world’s largest blockchain ecosystem and digital asset exchange, to offer an in-store cryptocurrency payment acceptance solution in France.

The partnership will enable merchants equipped with Ingenico payment terminals to accept more than 50 cryptocurrencies, which are part of the Binance Pay ecosystem, as a new payment method. This new retail use case takes cryptocurrency from an online investment to real-life applications, in-store cryptocurrency payments. (Ingenico)

The first pilots have been deployed in France, with two catering and retail merchants, and will soon be deployed in countries where cryptocurrencies and Binance have been regulated.

This partnership allows consumers to pay in cryptocurrencies at physical points of sale, thanks to Binance’s over 120 million users.

Merchants will also be able to easily accept payments in cryptocurrencies, using Ingenico payment terminals, the largest base of payment terminals installed in the world. Ingenico and Binance are currently developing a crypto-to-fiat payment solution, which will be tested in the second quarter of 2023, so that merchants can be paid in fiat currency.

The partnership is a major step in the adoption of cryptocurrency payments and offers customers and merchants a simple and secure transaction experience.

Related Story:  SEC Takes Aim At The BUSD Stablecoin, Sparks Redemptions

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…