Mercy Mutanya is a Tech enthusiast, Digital Marketer, Writer and IT Business Management Student. She enjoys reading, writing, doing crosswords and binge-watching her favourite TV series.
The contactless cryptocurrency payment technology of Binance Pay presently accepts transactions in more than 30 digital assets.
On Monday, May 24, Binance added a new category – Hotels – to its Marketplace. Users of the Binance App can now book hotel rooms and pay for them in crypto via Binance Pay.
A statement on the Binance website reads:
“Users can seamlessly access Hotels with a single sign-on functionality and complete the transaction using Binance Pay, all on the Binance App. In beta, Travala is the first merchant to be onboarded under the Hotels category on the Binance Marketplace.”
In a tweet announcing this new development, Binance outlined how users could access the Hotels category in their Binance app.
All inside your #Binance app!
— Binance (@binance) May 24, 2021
The contactless crypto currency payment technology of Binance Pay presently accepts transactions in more than 30 digital assets. Some of the supported cryptocurrencies are Bitcoin, Binance Coin (BNB), BUSD, Ether, DOGE, EOS.
In a bid to make crypto more mainstream, Binance continues to put out unique products and services. Its latest endeavour, a Non-Fungible Token (NFT) marketplace, was announced at the end of April. The market is expected to be launched in June 2021.
In recent months, interest in NFTs has spiked remarkably. The tokens come in the form of digital art, eSport and gaming cards, music and others. Some NFTs have gone on to sell for millions of dollars. The most notable being digital artist Beeple’s “The First 5000 Days” which sold for $69M. Others include “Hashmasks” a collaborative effort by over 70 artists that fetched $16M, Twitter founder and CEO Jack Dorsey‘s first tweet that auctioned for $2.9M and Nyan Cat meme by artist Chris that raked in $509,000.
Last week Ukrainian football team Dynamo Kiev, announced their plan to sell tickets to their matches on the Binance Marketplace as NFTs.
The Premier League team becomes the first football club to issue tickets in the form of NFTs.
“We have a well-calculated strategy and a clear goal over the next two years to make Ukraine’s best club the technological leader European football,” said Mark Ginsburg, the team’s Head of Innovation.