Through the partnership, BitPay will enable all of its merchants around the world to accept BUSD as a form of payment online and in its cross border business to business billing platform without additional integration. BitPay merchants and businesses can purchase BUSD through the Binance Exchange and global exchanges listing BUSD. Support for BUSD in the BitPay wallet goes live today and support for BitPay merchants will go live in the coming days.

“The partnership with Binance is about more than supporting another stablecoin, it is about making cross border payments simple and easy for both businesses by leveraging the global influence of Binance Exchange,” said Stephen Pair, CEO of BitPay. “With BUSD, BitPay expands blockchain payment choices for all our customers across the global payments space who want the flexibility of paying on the blockchain with the stability of the US dollar.”

As part of the partnership, BitPay will support BUSD in the BitPay wallet so its nearly 2 million users can top up the BitPay Card and businesses like Avnet and Onfido can facilitate cross border payments using a dollar-pegged stablecoin.

Accepting or paying with stablecoins opens up new possibilities for global businesses that require the stability of the dollar but the security and efficiency of blockchain payments. BitPay enables global merchants and businesses to send and receive international payments faster and more economically than traditional bank wires. BitPay offers a cross border business to business invoicing platform that is accurate, reduces fraud risk, and provides quick bank settlement through stablecoins.

“We are honored to partner with BitPay, one of the earliest and most reputable crypto payment service providers in our industry. Stablecoin is the forerunner of blockchain-powered payments by its nature. Partnering with BitPay will enable merchants and businesses from around the world to accept BUSD, the USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS),” said CZ “Changpeng Zhao”, Founder and CEO of Binance. “We believe a growing number of merchants and businesses will start adopting crypto, and we are glad to provide the payment solution together with BitPay, making the process simpler and easier.”

As part of the partnership, BitPay will process donations for Binance Charity Foundation. BitPay currently processes payments from global brands like Microsoft, Newegg, AT&T, Dish Networks, and eGifter.