Binance Pay has joined forces with STICPAY to supply STICPAY customers extra choices and advantages for e-wallet crypto funds.
The partnership goals to supply a quicker, cheaper and extra accessible remittance choice for the 18 million Filipino customers of STICPAY and their households and family members overseas. STICPAY customers can now deposit funds straight into their accounts by means of Binance Pay, which helps greater than 70 main cryptocurrencies. This enables them to commerce, ship, and transact in crypto extra effectively and securely.
STICPAY CEO Wei Zhou mentioned:
“We’re vastly excited to have partnered with Binance Pay, the leaders in cryptocurrency cost know-how. STICPAY’s mission is to make digital funds cheaper, quicker, and extra handy, and by integrating with Binance Pay our customers will be capable of deal with extra cryptocurrencies, extra effectively than ever earlier than.”.
The partnership additionally helps the United Nations’ Sustainable Growth Objective of decreasing to lower than 3 p.c the transaction value of migrant remittances by 2023. Based on the World Financial institution, the Philippines is the world’s fourth largest recipient of remittances, with $36.1 billion in remittance flows in 2022. Nonetheless, standard remittance channels typically contain excessive charges and prolonged transaction instances.
Pakning Luk, Head of International Enterprise Growth at Binance Pay mentioned:
“We’re thrilled to announce the mixing with STICPAY, one other step in making crypto accessible for all. This offers customers around the globe simpler entry to crypto in additional handy methods.”