Credit card service firm, Ingenico has signed a partnership with Binance to deploy an in-store cryptocurrency payment solution in France.
Ingenico, in a blog post made on Wednesday, said that this partnership is a major step in the adoption of cryptocurrency payments.
“This solution, now available on Ingenico’s AXIUM payment terminals, is designed to accept more than 50 cryptocurrencies.
“This partnership between these two major industry players allows consumers to pay in cryptocurrencies at physical points of sale, thanks to the power of Binance, the largest cryptocurrency platform in the world, with more than 120 million users.
“In addition, this partnership allows merchants to easily accept payments in cryptocurrencies, using Ingenico payment terminals, the largest base of payment terminals installed in the world,”
“In addition, this partnership allows merchants to easily accept payments in cryptocurrencies, using Ingenico payment terminals, the largest base of payment terminals installed in the world.
“Besides being a leader in its industry, Binance is the only cryptocurrency company to be regulated in many countries, such as France, Spain, Italy, Sweden, Dubai, Japan, etc. This partnership between two industry leaders will reach a wider audience in regulated countries and have a significant impact on the future of in-store payments, “the firm said.
The firm added that the cryptocurrency payment acceptance solution will first be deployed in France, as part of a pilot, with two catering (Le Carlie) and retail (Miss Opéra) merchants.
“This cryptocurrency payment solution will also soon be deployed in Europe, in countries where cryptocurrencies and Binance have been regulated, thanks to the integration of Binance Pay into Ingenico payment terminals.
“By using this solution, merchants equipped with Ingenico payment terminals will be able to accept more than 50 cryptocurrencies, which are part of the Binance Pay ecosystem, as a new payment method. Meanwhile, users who hold their cryptocurrency at Binance will be able to take advantage of this new in-store use case, “