Binance announced a strategic partnership with crypto payment service provider CoinGate, allowing Binance Pay users to use Shiba Inu (SHIB) and other supported cryptocurrencies to transact at CoinGate affiliated merchants.
Binance Pay is a payment platform that supports more than 70 cryptocurrencies, including BTC, BNB, ADA, ETH, DOGE, and MATIC, among others.
The goal of the platform is to accelerate the mainstream adoption of cryptocurrency payments by allowing users to utilize digital assets to purchase products and services from participating merchants.
Founded in 2014, CoinGate has formed alliances with key merchants including SMEs, enabling more than 200 online stores to accept cryptocurrency payments through its platform.