Binance Pay is a contactless, borderless and secure cryptocurrency payment technology designed by Binance. Binance Pay allows Binance customer to pay and get paid in crypto from your friends and family worldwide.
In this scenario, users are able to make payments by scanning QR Codes provided by Binance and shown by merchants.
- Merchants cooperate with Binance to get different QR Codes for different products. Merchants display QR Codes for users to scan.
- Users open Binance APP and scan QR Codes.
- Users confirm payments by entering passcode or by clicking “confirm” button
- Binance notify Merchants and users the status of payments.