Today, news broke that the main exchange's Binance Pay payment service and the fintech company Inswitch had concluded a new strategic alliance.

The agreement aims to make it possible for Latin American merchants to accept cryptocurrency payments. The LATAM region is crucial for Inswitch, with the majority of its activities concentrated directly in South American nations and Africa. Both Binance Pay and Inswitch want to bring 650 million people, or the entire population of Latin America, to cryptocurrency payments.

According to a <a href="https://www.prnewswire.com/news-releases/inswitch-partners-with-binance-pay-to-boost-crypto-payment-adoption-in-latam-301617972.html" target="_blank" rel="nofollow noopener">press statement</a> declaring the announcement, the connection between Binance and Inswitch will allow program participants to accept payments in more than 50 different cryptocurrencies, including SHIB, BTC, and XRP. Additionally, the firms' combined efforts will enable a quick transition to this business model, where payments will be processed and managed using Inswitch's APIs and made through Binance Pay.
<h2>Shiba Inu Joined Binance Pay</h2>
In the last few weeks, there has been news in the crypto world about the extension of Binance Pay's sphere of activity, indicating a rise in the field of application of cryptocurrencies supported by the service.

Since SHIB merged into Binance Pay, the service has made announcements about collaborations with companies in the UAE and with <a href="https://www.cryptoknowmics.com/news/mastercard-binance-partner-to-unlock-blockchain-technology-potential/" target="_blank" rel="noopener">Mastercard</a> in Argentina. It is currently focusing on the whole Latin American market.

650M Users May Get Access to SHIB Payments Because of This Alliance

Binance Pay and Inswitch had come to a strategic alliance that aims to provide Latin American merchants access to crypto payments using SHIB, BTC, and XRP.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

650M Users May Get Access to SHIB Payments Because of This Alliance

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