Binance Pay Integrates Injective (INJ) for Payments

Binance Pay, a leading cryptocurrency payment solution by Binance, has recently added Injective (INJ) as a payment option. This integration allows users to use INJ for merchant and peer-to-peer payments, enhancing the token's real-world utility.

What is Binance Pay?

Binance Pay is a cutting-edge payment technology that facilitates seamless sending, receiving, and spending of cryptocurrencies. It offers secure, contactless, and borderless payment solutions for everyday transactions. Supporting major cryptocurrencies like Bitcoin, Ethereum, Injective, and stablecoins, Binance Pay provides users with numerous payment options. With over 30 million users and thousands of merchants worldwide, it is a significant player in the cryptocurrency payment industry.

Mass Adoption for Injective via Binance Pay

Integrating Injective into Binance Pay marks a major milestone for the blockchain. This development allows the Injective ecosystem to leverage Binance Pay's vast network, enabling INJ to be used for various transactions, including hotel bookings, flights, and online shopping. This integration not only promotes the adoption of INJ but also offers efficient payment solutions, often with zero transaction fees.

How to Use Binance Pay

Users can access Binance Pay through the Binance app or website. To send INJ, users need the recipient's email, phone number, Binance ID, or QR code. Payments to merchants can be made by scanning the merchant’s Binance Pay QR code, using app checkout, or payment links. For more information, users can refer to the official Binance Pay guidance.

About Injective

Injective is a high-performance, interoperable layer one blockchain designed for advanced Web3 finance applications. It provides developers with powerful tools for creating decentralized applications (dApps). The native token, INJ, fuels the Injective ecosystem. Backed by Binance and investors like Jump Crypto, Pantera, and Mark Cuban, Injective is a leader in blockchain innovation.

About Binance Pay

Launched in February 2021, Binance Pay is a contactless, borderless, and secure cryptocurrency payment feature on the Binance App. It allows users and merchants to send and receive crypto payments globally without gas fees. Binance Pay has processed over $153 billion in total volume across more than 1.2 billion transactions, supporting multiple cryptocurrencies for peer-to-peer and merchant payments.