US customers of crypto exchange Binance can now easily send, request, and receive crypto with friends, family, and contacts on Binance.US. All thanks to the new feature introduced by them called ‘Pay.’
Binance Pay enables users to transact over 150 different cryptocurrencies, enabling instant, zero-cost crypto transfers. That’s right, all Pay transactions feature zero gas and zero transaction fees.
Pay eliminates the complexities of transferring crypto to contacts as users no longer need to enter a complex deposit or withdrawal address, pay gas fees, or wait an unspecified amount of time for transactions to settle successfully.
With Pay, Binance aims to deliver a simple and intuitive user experience with thoughtful cost-saving benefits for our Binance.US community. It wishes to bring the value and utility of crypto to customers’ everyday lives.
It was already available to users outside the US since February 2021. At its launch, Binance CEO CZ had said that it is the “most obvious use cases for crypto.”
Compiled by Coinbold