Binance aims to become a super app with Splyt crypto partnership
The world’s largest cryptocurrency exchange, Binance has partnered with Splyt, a “super app enabler,” to bring payment options to the Binance application. Payment options made for Splyt services include cryptocurrency.
When live, the integration will allow Binance users to pay for ridehailing services, but “also bikesharing, scooters, airport transfers, public transport and even food delivery,” a Splyt spokesperson told Cointelegraph.
As per usual, CZ, Binance’s CEO helped to break the news on Twitter:
Book your ride with #Binance, and pay in crypto (no need to convert to fiat).https://t.co/ueGYyy6XVm
The news comes as some relief to Binance, which suffered issues related to “stuck transactions” when withdrawing Bitcoin (BTC) on Monday. The problem was resolved eight hours later.
A Splyt spokesperson told Cointelegraph that it would be the "first partnership in the cryptocurrency space" and faced with perilous price action with Bitcoin sub $25,000, "Splyt is enthusiastic about its development."
For Binance, it's no secret they're keen to get a foothold in the crypto payments space. For CZ, payments and app integrations are meant to up the omnipresent Binance brand awareness. Since the world has gradually reopened following the depths of the Covid-19 pandemic, CZ has undertaken a world tour, pitching crypto and Binance Pay to countries and investors all around the world.
Related: Binance Australia CEO: Regulations will establish higher standards in crypto
The report says that Binance is already used by 90 million users in over 150 countries worldwide. For Splyt, the partnership opens the door to a broad customer base:
Critically, as companies such as BlockFi, Gemini and most recently Coinbase report staff reductions, the news
Read more on cointelegraph.com
