In order to give STICPAY users more alternatives and advantages for e-wallet crypto payments, Binance Pay and STICPAY have partnered.
The agreement intended to give the 18 million Filipino users of STICPAY and their families and loved ones overseas a quicker, more affordable, and more convenient remittance option.
Users of STICPAY can now make direct deposits into their accounts using Binance Pay, which accepts more than 70 popular cryptocurrencies. Because of this, they can now trade, send, and conduct crypto transactions more quickly and safely.
“We’re hugely excited to have partnered with Binance Pay, the leaders in cryptocurrency payment technology. STICPAY’s mission is to make digital payments cheaper, faster, and more convenient, and by integrating with Binance Pay our users will be able to handle more cryptocurrencies, more efficiently than ever before.”
The cooperation also promotes the Sustainable Development Goal of the UN, which is to lower the transaction cost of migrant remittances to less than 3% by 2023.
With $36.1 billion in remittance flows in 2022, the Philippines will be the fourth-largest recipient of remittances in the world, according to the World Bank.
However, traditional remittance channels can have exorbitant costs and protracted transaction timeframes. Binance Pay’s Pakning Luk, Head of Global Business Development, stated:
“We’re thrilled to announce the integration with STICPAY, another step in making crypto accessible for all. This gives users around the world easier access to crypto in more convenient ways.”
