Binance US has finally released its Pay service. The service which had a beta version rolled out globally in February last year for peer-to-peer payments expanded to include merchant transactions, allows mobile users of the Binance app to immediately transact with nearly 150 supported cryptocurrencies without fees.
Binance.US clarifies that Pay transactions will feature zero gas or transaction fees, and notes that the app is currently only available on mobile as it prepares to introduce a web version.
To access the new features, Binance.US users would need to update to the latest version of the app, and go through identity verification as well as loading their Pay wallet. However, the service only facilitates transactions between users on the Binance.US mobile app. Users can receive up to $1 million in crypto every 24 hours.
