Binance Presents Its First Ever Global Holiday Shopping Event Featuring a $200,000 Crypto Cashback Offer
In Brief
The Binance PayDay global shopping event has been introduced by Binance to foster and incentivize the adoption of cryptocurrency for everyday purchases during the festive season.
Blockchain ecosystem supporting Binance , the largest cryptocurrency trading platform in the world, has rolled out Binance PayDay, its inaugural global shopping event centered around cryptocurrency. This initiative is designed to promote and incentivize the utilization of digital currencies for tangible purchases, especially appealing during the festive period.
Running from November 28 to December 12, the Binance PayDay event rewards participants with a share of $200,000 in PEPE cryptocurrency. To be eligible, users must shop at selected partnering merchants utilizing the Binance Pay feature, thereby encouraging the everyday use of cryptocurrency.
Rachel Conlan, the Chief Marketing Officer of Binance, stated, \"Binance PayDay is about giving our users the chance to experience the ease and benefits of cryptocurrency payments throughout the holiday season. With alluring cashback offers and numerous participating merchants, we're making shopping—from daily necessities to luxury items—more accessible while ensuring the speed, safety, and affordability that comes with Binance Pay. This campaign illustrates how cryptocurrency can revolutionize shopping, presenting users with enhanced value and flexibility,\" she elaborated.
The event also presents two exciting promotions, crafted to maximize user engagement and reward participation. In the first promotion, users who make a minimum purchase of $20 with Binance Pay merchants will receive $10 back in PEPE tokens. This offer is exclusive to the first 19,480 qualifying participants, granted on a first-come, first-served basis. The second promotion is geared towards heavy spenders; the top 100 users who reach at least $200 in crypto purchases with selected merchants will split a $5,200 PEPE prize pool, with the highest spender potentially receiving up to $350 in PEPE tokens.
What Is Binance Pay?
This feature within the Binance App offers a seamless, cross-border, and secure method for cryptocurrency transactions. It enables users and merchants to exchange cryptocurrency payments worldwide without incurring gas fees for transactions on the platform.
Boasting support for over 300 cryptocurrencies for peer-to-peer interactions and more than 80 cryptocurrencies for merchant transactions, Binance Pay delivers flexibility and ease. It services millions of users and hosts thousands of merchants globally, facilitating smooth and cost-effective cryptocurrency payments across a variety of applications.
Binance PayDay connects a wide range of merchants, allowing users to earn rewards while addressing various shopping needs. With an extensive user base of over 28 million and a network of more than 11,000 merchants worldwide, Binance Pay is transforming how people leverage cryptocurrencies for their everyday spending.
From significant purchases, like luxury vehicles through LG Dream Cars in France, or real estate investments with Bin Faqeeh in Bahrain, to everyday items such as groceries at Pick n Pay in South Africa, Binance Pay caters to a broad spectrum of purchase scenarios. It also streamlines the booking of flights and accommodations through sites like Travala and Despegar. This reflects the growing global acceptance of cryptocurrency payments , partnering with Printemps and Lyzi to equip Printemps shoppers in France with the ability to transact using digital currencies. This alliance aims to create a smooth and contemporary shopping journey, enabling users to pay with cryptocurrency in physical stores and boosting the convenience of cryptocurrency payments in retail venues.
Recently, Binance Pay has formed a partnership , please be aware that the content on this page is not meant to be interpreted as legal, tax, investment, financial, or any kind of advice. It's essential to only invest amounts you can afford to lose and to obtain independent financial advice if you're uncertain. For more information, we recommend checking the terms and conditions along with the support and help pages provided by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but market dynamics can change without prior notice.
Disclaimer
In line with the Trust Project guidelines Alisa is a dedicated reporter at Cryptocurrencylistings, concentrating on cryptocurrency, zero-knowledge proofs, investments, and the extensive field of Web3. With a sharp focus on emerging trends and technologies, she offers in-depth coverage that aims to enlighten and engage readers navigating the fast-paced world of digital finance.