Binance Pay is a payment technology that allows users to pay unlimited crypto payments worldwide for free. This product package is actively used by millions of Binance customers around the world. With the announcement made recently, Binance Pay now supports $COTI, the native token of the Coti Network, to enable unlimited crypto payments!
Thanks to Binance Pay, which was designed and implemented by Binance, the world’s largest crypto exchange, users from all over the world can now shop with $COTI and send $COTI to any other wallet they want around the world.
The Benefits of COTI
COTI network integrates both traditional and digital currencies and pay systems. It is designed to minimize price volatility in cryptocurrencies, ensure price stability and increase the predictability of transaction costs. Also, COTI is the first platform to create network price coins. The COTI wallet provides easy access to their users. In addition, the COTI wallet can be used as a bank account to hold money in both digital and price currencies. (Bir yerde fiyat diğerinde fiat yazmışsın, somut paradan mı basediyorsun bilemedim?) Mobile and web applications are available for users to access the COTI Wallet.
COTI pay can be used for all types of payments, whether online or offline, including cryptocurrencies, stablecoins, credit cards and even a user’s own local money.
Using Binance Pay from the Mobile Application
There are four ways to access Binance Pay from your mobile phone. These are:
- By tapping the QR code scanner via the home page of the Binance application and scanning the recipient’s Binance Pay QR code
- Tap the Binance Pay icon and Send the item on the application homepage, then enter the recipient’s email address, phone number, Binance ID, or payment ID
- To enter Binance Pay, go to Wallets – Financing – Payment and tap Send, then enter the recipient’s email, phone number, Binance ID (UID), or Payment ID
- From your mobile home screen, long press the Binance App icon and then tap [Scan] to open the QR code scanner and scan your recipient’s Binance Pay QR code.
About COTI Network
COTI is a fintech program that has established decentralized pay networks and stablecoins. It is located on a multi-DAG data structure that processes more than 100,000 transactions per second. It uses blockchain to run a variety of products, including payment processing and financing using stablecoins, a white-label payment system, various loyalty networks, and cross-border remittance technology.
About Binance Pay
Binance Pay is a contactless, unlimited and secure cryptocurrency payment technology designed by Binance. Binance Pay allows you to pay and receive payments in crypto from friends and family around the world.