Bahrain accepts crypto payments via EazyPay after partnering with Binance Pay

Bahrain accepts crypto payments via EazyPay after partnering with Binance Pay

The Central Bank of Bahrain has given EazyPay a green signal to carry out crypto payments and also launch Bitcoin in the region.

EazyPay is an online payment portal platform. This was announced by the CEO of EazyPay, Nayef Alawi.

EazyPay has now partnered with Binance, which is a well-known crypto exchange along with a payment service provider.

This partnership will enable EazyPay to operate more than 5,000 point-of-sale (POS) terminals and payment gateways in Bahrain, which will help accept Bitcoin.

Users who are willing to use Bitcoin as a payment method will receive a QR code from EazyPay’s platform.

This EazyPay QR code that users will receive must be scanned with the Binance app. This will help with smooth and immediate payments in the chosen currency.

Binance will also offer convenience for businesses like payment merchant EazyPay and for those merchants who want to use the platform to get fast fiat conversions for those merchants.

Local merchants and businesses, which include Lulu Hypermarket, Sharf DG, Al Zain Jewelry and Jasmi’s, will accept over 70 cryptos as payment options.

The payment must go through by scanning the QR code from the EazyPay platform and then going to the Binance app.

The developments in the crypto industry in Bahrain

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