Binance’s payment method system, Binance Pay, has made an important announcement for SHIB, ADA, and XRP. Integration with WordPress, which is used in 40% of the world’s websites, has been completed. These altcoins can now be used as a payment method in millions of stores.
Binance Pay launches cryptocurrency payments on WordPress
Binance has taken another important step towards the proliferation of crypto payments by following the growth in the industry. SHIB, XRP, ADA and other cryptocurrencies powered by Binance-Pay have become acceptable in all WordPress stores thanks to a new plugin feature.
We’re making paying with crypto even more accessible! #Binance Pay's new plugin with @WooCommerce allows over 40% of the world's websites to accept more than 70 cryptocurrencies as payment.
Learn more ⤵️ https://t.co/b5vLjsAAxF
— Binance (@binance) May 5, 2023
The Binance Pay WooCommerce plugin allows merchants to accept over 70 cryptocurrencies supported by Binance Pay as payment, as noted in an official blog post.
With this development, businesses that offer the Binance Pay payment option on their sites will allow customers to pay with cryptocurrencies. In this way, Binance offers its users a wider shopping opportunity. However, the world of cryptocurrencies is becoming more and more common.
Millions of WordPress sites will accept these altcoins for payments
The use of cryptocurrencies is spreading rapidly around the world. This trend is starting to reflect on websites powered by WordPress as well. Considering that WordPress runs over 40% of all websites, crypto usage is expected to increase with the new feature.
Integrated with over 70 cryptocurrencies powered by Binance Pay, this plugin will help businesses around the world expand their customer base through the WooCommerce platform. Millions of businesses already use WooCommerce to process online orders. It also serves as the e-commerce platform for 25% of the top 1 million online stores worldwide.
This new feature makes cryptocurrency acceptance simpler for all types of e-commerce sites, from small local businesses to department stores. Thus, it further popularizes the use of cryptocurrencies. Altcoins currently supported by Binance Pay and accepted for WooCommerce payments:
LTC, MANA, MATIC, NEO, XMR, XRP, XTZ, XVS, ZEC, ZIL, ALPINE, APE, BNX, BSW, CAKE, COTI, GALA, SHIB, USDT, ADA, ATOM, AVA, DOGE, DOT, EGLD, EOS, ETC, ETH, FIL, FRONT, FTM, HBAR, IOTX and LINK.
Recent partnerships Binance signed altcoin payments
Binance Pay-backed altcoins can be used as payments at 400 merchants in seven countries as part of the ivendPay collaboration. The strategic partnership between Ingenico and Binance Pay focuses on the French market. These developments indicate that the area for accepting crypto payments is expanding. On the other hand, as we quoted as Kriptokoin.com, Binance is under the lens of US regulators.
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