Bitpay, the leading blockchain payment solution has partnered with Binance to allows Bitpay's merchants and users to store and spend Binance USD (BUSD). Bitpay in a tweet announced the partnership to support BUSD in its Wallet to help drive crypto adoption. This makes the BUSD one of the few stablecoins on Bitpay in addition to Bitcoin, Ethereum and XRP.

Binance To Bitpay

A collaborative effort to drive crypto adoption

Bitpay has over 2 million users globally where as Binance, a leading digital assets exchange by users and volume also has an estimated users base of about 15 million plus. This strategic partnership will enable merchants and users in the Bitpay ecosystem have variety and ease in their payments activities.

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Bitpay CEO, Stephen Pair sees the partnership as an initiative to leverage on Binance's influence in the crypto space to offer better blockchain payments to customers. He said:

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Crypto exchange Binance has partnered with BitPay, a provider of blockchain payment services, to “drive adoption of Binance’s stablecoin, BUSD. According to a note from Binance, BitPay will enable. BitPay adds Binance exchange’s stablecoin, Binance USD (BUSD) to its merchant payment processing platform. BUSD is the latest in a string of crypto payment options including BTC, ETH and XRP. In an announcement by BitPay, a merchants’ crypto payments processing firm, announced the addition of Binance USD (BUSD) on it platforms. Bitpay has over 2 million users globally where as Binance, a leading digital assets exchange by users and volume also has an estimated users base of about 15 million plus. This strategic partnership will enable merchants and users in the Bitpay ecosystem have variety and ease in their payments activities.

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“The partnership with Binance is about more than supporting another stablecoin, it is about making cross border payments simple and easy for both businesses by leveraging the global influence of Binance Exchange. With BUSD, BitPay expands blockchain payment choices for all our customers across the global payments space who want the flexibility of paying on the blockchain with the stability of the US dollar.”

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Starting from April 27th, merchants and users of Bitpay Wallet and card will be able to manage and spend BUSD in real life. Bitpay is also set to process donations for Binance Charity Foundation (BCF).