PIP, the Web3 payment solution that brings cryptocurrencies to the Web2 universe, announced the launch of its services in the Binance ecosystem. The popular platform integrates Binance-based altcoins/stablecoins.
Web 3 payment solution PIP adds support for these 2 altcoins
Through the collaboration, the PIP platform will support BNB and BUSD trading for Binance Smart Chain users. Thus, BSC users will gain greater access to the Web2 social media platform linked to the Web3 ecosystem. PIP is a tool designed to allow internet services to accept payments in crypto. The platform’s solutions are linked to Binance (BNB) and BUSD. According to the official statement by the PIP platform team, the platform’s ecosystem, including the widely used browser wallet, now supports BNB Chain (formerly Binance Smart Chain or BSC).
https://twitter.com/getpipcom/status/1559481058390786048
Thanks to this integration, all PIP users will be able to easily add BNB and BUSD to their sites as a means of payment. The PIP ecosystem aims to grow its user base with BNB Chain integration. BNB Chain remains popular blockchain for retail payments due to its low price and fast transactions. Now social media users can design personal PIP tags through the platform. They can also link to their accounts on Twitter, Discord, YouTube, Twitch, Reddit and other platforms to simplify cryptocurrency payments.
User-friendly cryptocurrency payment gateways will be open to everyone
Jeff Baek, CEO and co-founder of PIP, shared his thoughts on the collaboration. In his statements after the announcement, he emphasized that the inclusion of BNB and BUSD is an important step for the technological and commercial development of the platform:
We think PIP will help 17 billion BUSD in the transition beyond a trading pair and into the international payments space, thus fueling the micropayments industry.
Using the PIP platform, Web2 business owners can easily add user-friendly gateways to the BNB Chain (BSC) and Solana (SOL) ecosystems. Without specialized Blockchain programming knowledge, nodes can be built using HTML or React. As Cryptokoin.com reported, PIP made history in June 2022 when it became the first payment processor in the Solana ecosystem.
What will the partnership bring to altcoins/stablecoins
In the near future, new options for BNB and BUSD payments will be available. It will also be accepted on PIP.ME, a free Web3 profile that allows users to accept payments. PIP.ME can also be shared via users’ social profiles to view user-owned NFTs.
Having collected startup funding from top crypto VCs such as Alameda Research, Coinbase Ventures, CMS Holdings, Galaxy Digital Hong Kong and Genesis Block Ventures, PIP plans to launch more products in the future, including PIP Card, PIP Commerce. We will see the launch of PIP Connect and PIP Widgets in the coming months. Finally, the payment service also confirmed its intention to “support or add other blockchains, tokens, and social media platforms” in the coming quarters.
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