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.

Some of the features involved in this partnership will allow merchants to:

• Receive payments in 50+ cryptocurrencies with lightning fast payments.

• Support new products or business models and accept recurring payments globally

• Quickly set up Binance Pay and manage recurring customers with Inswitch’s APIs and solutions (e.g. Payment Links, Hosted Checkout, etc)

“We are very excited and committed to democratize the payment industry, connecting more than 650 million in Latam with e-commerces around the world. Now merchants will have more options on how to get paid and let their customers choose how to pay wherever they are.” Ronald Alvarenga, CEO of Inswitch.

Furthermore, with Inswitch, merchants can configure everything through Inswitch Business Portal or create new digital journeys through flexible APIs and a suite of low-code fintech products. And merchants are able to flexibly accept different payment methods to best fit their needs.

This agreement will support different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Binance Pay and Inswitch are positioned to deliver a robust turnkey solution across a variety of sectors, including eCommerce, Retailers, Travel, CPGs, Banks, and Gig economy among others.

“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.” Jonathan Lim, Global Head of Binance Pay.

About Inswitch

Inswitch is a global leader in embedded financial technology, helping companies and organizations to rapidly implement their own digital financial services. With the Inswitch API-based Fintech-as-a-Service platform, any company can become a Fintech and choose the best solution for its specific needs. All with a fast go-to-market strategy, zero friction and using the Inswitch global network for cash, banking, credit/debit cards, issuing and payment operations.

About Binance Pay

Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto.

As part of the agreement, the City of Busan will receive technological and infrastructure support from Binance for the development of the city’s blockchain ecosystem and promotion of the Busan Digital Asset Exchange. Another form of cooperation between the two parties will be order book sharing.

Binance plans to develop and foster Busan City’s blockchain sector in several ways:

• Utilizing Busan’s blockchain regulatory-free zone to promote blockchain initiatives and businesses.

• Supporting blockchain-related research and investments in the city.

• Providing specialized blockchain education and online resources from Binance Academy.

• Advancing initiatives that promote societal well-being through Binance Charity.

• Helping with the organization of Blockchain Week in Busan in 2022 (BWB 2022).

Furthermore, Binance said that it will be establishing a presence in Busan by the end of the year, which is expected to serve as a driving force for the city to become one of East Asia’s most vibrant digital hubs.

“We are happy to be working with the City of Busan to bring tangible blockchain-related developments that benefit and support the city’s innovation efforts. Through our industry-leading position and technological expertise, combined with the City of Busan’s strong support for the blockchain industry, we hope to help grow crypto adoption within the city and beyond”

“We look forward to our close cooperation with the city to support the establishment of digital asset exchanges and various blockchain industries.” CZ (Changpeng Zhao), CEO and Founder of Binance

Heong-Joon Park, Mayor of Busan, said, “With this agreement, we are one step closer to establishing the Busan Digital Asset Exchange as a global integrated platform for digital assets.”

“By making Busan a blockchain-specialized city that is attracting worldwide attention, we will boost a new growth engine for the local economy and make it a global digital finance hub,” he added.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.

Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

After its incredible success in Dubai, Binance is now bringing Binance Blockchain Week to Paris between September 14 and 16, 2022.

A celebration of Web3 through a uniquely Parisian lens, Binance Blockchain Week Paris will bring together thought leaders, captains of industry, cultural icons, and more to lay out a grand vision for a more prosperous, equitable future for all.

Binance Blockchain Week Paris will welcome more than 5,000 physical attendees, and millions more live-streamed via Binance Live, to dive into tomorrow’s technology. Topics range from art, film and fashion to the future of finance, regulations and more in a Web3 world.

Alongside Changpeng Zhao ‘CZ’, CEO and Founder of Binance, there will be over 60 speakers including: Peter Kerstens, Advisor at the European Commission; Yves Guillemot, President and CEO of Ubisoft; Thomas Uhm, Crypto Institutional Sales and Trading at Jane Street; Sebastien Borget, COO and Co-Founder of The Sandbox; Benjamin Eymère, CEO of L’OFFICIEL Inc.; Guy Gino, Special Agent at the U.S. Department of Homeland Security Investigations; Jarno Laatikainen, Head of Crypto Incident Response at Chainalysis; Eowyn Chen, CEO of Trust Wallet; Pascal Gauthier, CEO of Ledger; Anand Iyer, Venture Partner from Lightspeed Venture Partners; Fereshteh Forough, Founder and Executive Director of Code to Inspire; Frédéric Bardeau, President & Co-Founder of Simplon.Co; and Céline Wong, Head of Digital Assets Business Consulting at VP Bank AG.

“The past few months have demonstrated the importance of utility value as we define the next phase of technological innovation. Both Web3 and blockchain are still new, fresh and full of opportunities. This is the perfect time to discuss where the industry is right now and what the future holds.”, CZ, CEO and Founder of Binance

“Taking cues from the City of Lights, Binance Blockchain Week Paris will envision a world where Web3 is able to infuse its distinctiveness to culture, the arts, sports, and more,” CZ.

Binance Blockchain Week Paris will cover the following topics:

• DAY 1 – Sept 14: ‘Frameworks and Foundations’ & ‘Build Bold’

• DAY 2 – Sept 15: ‘Web3 Culture Convergence’ & ‘A Web3-Powered World’

• DAY 3 – Sept 16: Binance Super Meet-Up

Binance Blockchain Week Paris is an opportunity to engage in one of the world’s most important conversations and be part of the next phase of technological innovation.

Tickets are on sale now.

The event will be live streamed online through Binance Live and in the Binance App for those who are unable to join on-site. Binance will also be hosting a series of online campaigns that users can participate in and get rewarded. Stay tuned to Binance’s social media channels as more information will be shared soon.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.

Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.