Less than a day back, Inswitch and Binance Pay announced that they have signed a strategic partnership. The same intends to enable both sides to improve their fintech solutions and offer Binance Pay to all merchants in LATAM.
The official statement announcing the same noted,
“The partnership between Binance Pay and Inswitch will provide millions of LATAM merchants with intriguing options in crypto space, allowing them to increase revenue by accepting crypto, and enable all companies with a new way to service payments.”
One of the many features involved in the said partnership will allow merchants to receive payments in 50+ cryptos with “lightning fast” payments. Commenting on the same, Jonathan Lim—Global Head of Binance Pay—said,
“We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this keeps reinforcing Binance Pay’s objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers.”
Where does Shiba Inu come into the picture?
Shiba Inu’s utility as a mode of payment has been refining of late, thanks to its back-to-back partnerships with various brands and crypto companies. Back in August, Binance added support for Shiba Inu to its crypto card. Announcing the same, it had noted,
“Over the past year, numerous brands and merchants have begun to accept the meme coin as a mode of payment, seemingly to leverage the popularity of the coin among investors. It has now taken another step in its payments utility as it lands on the largest crypto exchange in the world, Binance.”
So now, the latest partnership of Binance Pay with Inswitch paves the path for Shiba Inu to be available to targeted 650 million Latin American users.