“This isn’t growth—it’s a payment revolution. Binance Pay’s leap to 20 million merchants shows the world is choosing stablecoins as the new default for global commerce.”
Binance Pay has announced a tremendous increase in global adoption, growing from 12,000 merchants to over 20 million in just one year. This amazing 1,700x rise represents one of the digital payments industry’s quickest ever expansions.
The increase shows a significant trend towards cryptocurrency-based payments, with stablecoins being a key player in this change.
Stablecoins were used to settle more than 98% of all B2C transactions performed using Binance Pay in 2024, according to Binance.
These digital assets are becoming the go-to option for companies and clients worldwide because they are made to have a stable worth.
They are perfect for daily transactions because of their quickness, minimal costs, and stable prices, particularly in rapidly expanding digital markets.
A clear trend can be seen in the sharp rise in Binance Pay users: more retailers now rely on blockchain technology for instantaneous payments.
The increased desire for safe, quick, and international payment options is another factor contributing to this expansion.
Binance Pay is creating the future of cryptocurrency-powered payments and solidifying its place as a top worldwide payment solution with its growing merchant network and robust stablecoin adoption.
This decision heralds a new era in which stablecoins and cryptocurrency payments become more widely accepted in the financial industry.
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