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

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