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BitPay and Binance have partnered to provide the payment firmās 2 million individual and merchant customers with access to Binanceās stablecoin BUSD.
Top blockchain payment service provider BitPay has partnered with Binance to support the exchangeās stablecoin BUSD. The stablecoin is now available to BitPayās 2 million individual and merchant customers.
BitPayās wallet launched support for BUSD on April 27, with merchant support slated to go live āin the coming days.ā
Support for BUSD will also be rolled out for BitPay Card. While only United States-based customers are able to use BitPay Card, the product is available in all 50 states.
Changpeng Zhao, Binanceās founder and chief executive, stated that the company is āhonored to partner with BitPay,ā describing the company as āone of the earliest and most reputable crypto payment service providersā in the crypto sector.
āPartnering with BitPay will enable merchants and businesses from around the world to accept BUSD,ā Zhao stated, adding, āWe believe a growing number of merchants and businesses will start adopting crypto.ā
BitPay CEO Stephen Pair described the partnership as expanding the payment options available to its customers by catering to users āwho want the flexibility of paying on the blockchain with the stability of the U.S. dollar.ā
Binance launches mining pool
Binance also launched its mining pool on April 27, offering account integration across Binanceās numerous platforms. Members of Binance Pool will also receive discounted trading fees on its exchange.
Head of Binance Pool Lisa He responded to concerns from the crypto community that Binance Pool may lead to greater centralization, telling Cointelegraph:
āWith industry players like Binance continuing to enter the mining space and contribute computing power to the industry, the mining industry is actually getting more decentralized than it was two years ago.ā
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