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Binance Pay Works with ShopNEXT to Launch First Ever Shop-to-Earn Crypto Platform

UTC by Sanaa Sharma · 3 min read
Binance Pay Works with ShopNEXT to Launch First Ever Shop-to-Earn Crypto Platform
Photo: ShopNEXT Blog

With the help of a major partner like Binance Pay, ShopNEXT can now reach out to billions of retailers and customers around the world.

Binance Pay has collaborated with ShopNEXT to launch the first of its kind shop-to-earn cryptocurrency onboarding platform. The instinctive platform can facilitate a larger crypto adoption as it makes the crypto wallets available and convenient to use. The platform also ensures the rollout of rewards and prizes for shopping digitally. 

How Binance Pay and ShopNEXT will Work Together

ShopNEXT is a shop-to-earn crypto onboarding platform that rewards users in Bitcoin, Ethereum, BNB, USDT while making it easier for the brands to prosper. It is fundamentally an affiliate marketer that bridges the gap between users and merchants. All that the customers have to do is access the ShopNEXT app to choose and shop their choice of brands.

Traders and Merchants who avail the facilities of ShopNEXT are charged a fee which is also distributed among the customers in the form of cashbacks. These cashbacks gathered from the app can be utilized and converted into usable crypto tokens like Bitcoin (BTC), Ethereum (ETH), Binance Coin, and Binance USD or USDT stablecoins. In addition to this, ShopNEXT engages in distributing extra NEXT coins (the cryptocurrency issued by ShopNEXT), which can be traded for money. These coins are collected with a small fraction of a dollar received in cashbacks for shopping. This easy process facilitates the shop-to-earn method of ShopNEXT.

Binance Pay, on the other hand, is a contactless, borderless and secure cryptocurrency payment technology curated by the world’s largest cryptocurrency exchange in terms of daily trading volume, Binance. The recent integration has resulted in the inclusion of the crypto wallet in the ShopNEXT system, enabling the customers to effortlessly exchange their cashbacks for crypto tokens. 

On the recent collaboration, ShopNEXT Chief Executive Officer Mr. Linh Le said that the hunt for ShopNEXT has finally come to an end with Binance Pay. The crypto firm has established itself as a secure, free-of-charge, and quick site for digital transactions. 

Product Marketing Lead of Binance Pay, Mr. Benn Moore also stated that with the growing number of people looking for ways to adopt crypto in their regular lives, an application like ShopNEXT serves as a vital means of money transfer. He concluded his statement by acknowledging the partnership and wishing for better avenues to open alongside in the crypto industry. 

The recent attraction of the audiences towards cryptocurrencies and their advantages has provided a rapid growth ecosystem to the world. The possession of crypto in today’s time is easier than ever, with everyone jumping on the Decentralized Finance bandwagon. With the help of a major partner like Binance Pay, ShopNEXT can now reach out to billions of retailers and customers around the world.

Altcoin News, Bitcoin News, Cryptocurrency news, News
Sanaa Sharma
Author Sanaa Sharma

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

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