Binance Pay has introduced two new functionalities—Send via Contact and Send On-Chain—designed to simplify cryptocurrency transfers and enhance user engagement within its payment ecosystem. These features support transactions across more than 300 digital assets.
The Send via Contact option enables direct transfers to recipients through their saved contacts, while Send On-Chain facilitates blockchain-based transactions. Both functionalities aim to create faster and more secure payment experiences for users worldwide.
Among the supported assets, Ethereum (ETH) currently trades at $2,597.88 with a market capitalization exceeding $313 billion. The cryptocurrency has demonstrated positive momentum with a weekly price appreciation of 6.21%.
Industry analysts suggest these upgrades could significantly improve market liquidity while encouraging broader cryptocurrency adoption for everyday financial activities.
Binance Pay’s technological advancements position it at the forefront of digital payment innovation, effectively bridging traditional financial systems with blockchain-based solutions.