April 24, 2025
Blockchain

Binance Allows Users to Pay Taxi with Cryptocurrency

  • June 15, 2022
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Binance signed an agreement with the supplier API For Splyt super apps. The partnership will allow users of the exchange to pay for a range of services in

Binance signed an agreement with the supplier API For Splyt super apps. The partnership will allow users of the exchange to pay for a range of services in cryptocurrencies.

According to the announcement, Binance will be the world’s first cryptocurrency exchange to offer services. to get on on your platform. Users will be able to order taxis, pay bike rentals, and receive a host of other services through Binance Pay without downloading third-party mobile apps.

The Splyt team will help serve the company’s customers and partners through full integration of services as well as built-in support in national languages.

The head of the exchange, Changpeng Zhao, demonstrated how a user can order a taxi and pay for the trip with BNB tokens.

The news came against the backdrop of negative developments in the industry. On June 13, the bitcoin price dropped below $23,000 and the cryptocurrency market capitalization dropped below $1 trillion. At the time of writing, BTC is trading around $21,700, down -2.4% in the last 24 hours (CoinGecko).

On the same day, landing platform Celsius suspended withdrawals, swaps and transfers between accounts “due to extreme market conditions”. Difficulties also arose with the algorithmic stablecoin of the Tron team – USDD lost its stable to the US dollar.

The unfavorable market situation and challenging macroeconomic conditions caused a wave of disruption in the industry. Notably, Gemini, Coinbase, Crypto.com, Bitso, and Robinhood announced layoffs.

However, Zhao described the crypto winter as the right time to expand the state and further develop the business. According to him, the company opened 2000 new vacancies.

Recall that in early June, Bloomberg sources reported that the US Securities and Exchange Commission has launched an investigation into BNB.

Later, the head of Binance said that the company has not received official subpoenas on token-related issues.

Source: Fork Log

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