Top blockchain payment service provider BitPay has partnered with Binance to support the exchange’s stablecoin BUSD. The stablecoin is now available to BitPay’s 2 million individual and merchant customers.
BitPay’s wallet launched support for BUSD on April 27, with merchant support slated to go live “in the coming days.”
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, Binance’s founder and chief executive, stated that the company is “honored to partner with BitPay,” describing the company as “one of the earliest and most reputable crypto payment service providers” in the crypto sector.
“Partnering with BitPay will enable merchants and businesses from around the world to accept BUSD,” Zhao stated, adding, “We believe a growing number of merchants and businesses will start adopting crypto.”
BitPay CEO Stephen Pair described the partnership as expanding the payment options available to its customers by catering to users “who want the flexibility of paying on the blockchain with the stability of the U.S. dollar.”
Binance launches mining pool
Binance also launched its mining pool on April 27, offering account integration across Binance’s 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 CryptoNewspeople:
“With 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.”