The team at CoinPayments recently announced via twitter, that they had integrated Binance Coin (BNB) onto their platform.
The announcement went on to state the following:
We are happy to announce the integration of
@binance coin (BNB) into our platform. We are proud to help @cz_binance to further the adoption of Binance Coin by allowing merchants to accept BNB payments in their stores!
Binance CEO, Changpeng Zhao, went on to respond to the tweet by stating that BNB was now accepted by 2.3 Million merchants. His tweet can be found below.
#useBNB at 2,300,000 merchants with this integration. It’s spreading! https://t.co/Y0ZFei8Spv
— CZ Binance (@cz_binance) November 17, 2018
Why CoinPayments Chose BNB
The team at CoinPayments went on to explain why they chose to integrate Binance Coin (BNB). The team stated the following reasons:
- BNB is widely used by Binancians (users of Binance) to pay for trading fees
- Potential for wider use within the Binance community
- 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
- Supporting the further adoption of BNB as outlined by Binance
CoinPayments 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.
Founded in 2013, CoinPayments was the first payment processor to support altcoins. CoinPayments made this possible by creating a multi-currency wallet and payment processing solution.
CoinPayments also offers support for banking options through integrations with third party companies around the world. The firm also provides cold storage, multi-signature, instant confirmations, plugins for easy integration of payment features and merchant tools, vaulting for long term storage, and many more features that will be rolled out in the coming months.