Binance and Ingenico Form Strategic Partnership to Enable Cryptocurrency Payments in France

• The partnership between Ingenico and Binance is seen as a significant step towards the mainstream adoption of cryptocurrencies in France and other parts of the world.
• Under this alliance, Ingenico integrated Binance’s cryptocurrency payment resolution into its point-of-sale (POS) terminals.

Ingenico and Binance Partner to Facilitate Cryptocurrency Payments in France

Ingenico, a French payments company, and Binance, a US-based cryptocurrency exchange, have announced a strategic alliance to facilitate cryptocurrency payments in France.

The partnership will integrate Binance’s cryptocurrency payment solution into Ingenico’s AXIUM payment terminals, making it easier for merchants to accept cryptocurrency payments from their customers.

The partnership is seen as a significant step forward for the adoption of cryptocurrencies in France, and it could have a ripple effect across Europe.

How the Partnership Works

The partnership will allow merchants to accept payments in more than 50 cryptocurrencies using Ingenico’s payment terminals. Customers will be able to pay with cryptocurrencies at physical points of sale, and businesses will be able to accept payments in cryptocurrencies with ease.

The partnership is expected to launch in 2023 and will initially be available in France. However, Ingenico has said that it plans to make the partnership available across Europe in the future.

Why the Partnership is Important

The partnership is important for a number of reasons. First, it shows that major players in the payments industry are starting to take cryptocurrencies seriously. Second, it makes it easier for businesses to accept cryptocurrency payments, which could help to drive adoption. Third, it could help to legitimize cryptocurrencies in the eyes of regulators.

Regulatory Challenges

However, the partnership also faces some challenges. For example, cryptocurrencies are still a relatively new and volatile asset class, and regulators in some countries are still grappling with how to regulate them.

In addition, Binance is currently under investigation by regulators in the United States. This could make it more difficult for the partnership to launch in the US, but it is still possible that it could happen in the future.

Overall, the partnership between Ingenico and Binance is a significant step forward for the adoption of cryptocurrencies in France and Europe. It remains to be seen how the partnership will be received by regulators, but it has the potential to have a major impact on the cryptocurrency industry.