According to online reports, according to an official announcement, Binance Pay has reached a strategic cooperation with European Web3 payment service provider xMoney. This cooperation will allow Binance Pay users to use cryptocurrency directly in xMoney's more than 20,000 merchant networks, covering areas such as luxury goods, travel, games and public services. As a payment service provider compliant with MiCA regulation, xMoney's addition has brought Binance Pay's global merchant network to exceed 32,000. Data shows that the number of Binance Pay merchants has increased from more than 8900 in December 2023 to more than 12,000 by the end of 2024, a year-on-year increase of 36%. xMoney has provided public service encryption payment solutions to regions such as Liechtenstein and Lugano.