Binance Pay has partnered with the Lyzi payment application to allow cryptocurrencies to be spent at 440 merchants in France. In addition, 330 points of sale are also in the process of being integrated throughout Europe.
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Binance Pay partners with the Lyzi app
Lyzi, a service facilitating payments in cryptocurrencies, entered into a partnership with Binance Pay in order to develop its activities in this direction.
To date, the application allowing in particular receive 1-5% cashback on everyday purchases is already available at 440 merchants in France. In addition, 330 other points of sale will soon be added to Lyzi throughout Europe. The areas covered are varied such as food, automotive or pharmaceuticals.
For his part, David Prinçay, the president of Binance France, returned to this partnership. He also indicated that this announcement echoed Binance’s Tour de Francewhich stops in the different regions of the country to bring together users:
“Our partnership with LYZI will allow our users to shop for digital assets in several hundred stores throughout France. This local approach is part of the extension of our Tour de France which will also stop for its next stage on June 11 in Ouistreham. »
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How the service works
This partnership not only allows Lyzi to develop its market by accelerating its growth opportunities abroad, but on the user side, they now see more choice in their payment options.
Indeed, once their Binance account is linked to the application, these users will have a greater variety of cryptocurrencies to make their purchases.
To use Lyzi, eligible merchants present a QR code to scan. In the case of using Binance Pay, the user will then be redirected to the service to select the asset with which to settle. The example below shows that it is also possible to use two sources of supplysuch as ETH and BUSD in this case:
Lyzi payment with Binance Pay
It is therefore a mutually profitable partnership, which can thus enable each of the two players to acquire new users, by creating a bridge between the two companies.
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Source: Binance
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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