Binance, the largest crypto exchange by trading volume, seems to be heading in the right direction and the adoption of its native crypto Binance Coin (BNB) is gathering pace, which bodes well for the crypto exchange.
There seems to be no stopping Binance and its native crypto BNB, as it gains popularity and wider acceptance among users. In a tweet earlier today, Binance CEO, Changpeng Zhao was upbeat and ecstatic about the announcement made by Propy Inc. that it will now accept Binance Coin for real estate purchases.
The tweet read:
“Propy will accept BNB for home buying! @Binance Chain is coming and $BNB, which is a great store of value today, will turn into programmable money. For the rapidly growing BNB community, we make it possible to invest in real estate with easy paperwork at Propy!”
Wow, thanks! https://t.co/48Fxt5XU8i
— CZ Binance (@cz_binance) October 10, 2018
Propy is a global real estate player which provides decentralized title registry. The real estate firm allows buyers, sellers, brokers, and escrow/title agents/notaries to come together through the utilization of a suite of smart contracts on blockchain to facilitate transactions.
According to the company’s website, the firm aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry.
Recently, Binance’s CEO Changpeng Zhao had described the exchange to be one of the most ethical and solid trading platforms in the crypto space. He added that this feature was “kind of recognized by people so we’ll continue to do to do that”.
Last week, the exchange issued a statement detailing various use cases for its native crypto Binance Coin [BNB]. These use cases include paying discounted trading fees on the exchange and HODLing the tokens for later use on the company’s upcoming decentralized exchange.
Growing acceptance of Binance Coin
Propy’s adoption of Binance Coin (BNB) as a mode of payment is the latest in a chain of events that has led to a growing popularity of the token among users. CoinGate, a Lithuania-based crypto payment processing gateway, recently said that its platform will allow customers to pay merchants in Binance Coin (BNB). The company added that received payments will be automatically settled to EUR/USD or to BTC based on the users, making it simpler for merchants.
According to Binance’s official post, to integrate Coingate’s payment gateway on any website one needs to choose, “One of CoinGate ready-made integrations for e-commerce content management systems or web billing platforms (like WooCommerce, Magento, PrestaShop, OpenCart, WHMCS and similar)” or “Developer API that can be configured for any website and different codebases (e.g. Ruby, PHP, Omnipay, Python, NodeJS…)” or “Payment buttons for accepting donations or simple payments (for example, if you only sell one or several products).”
Image via Shutterstock
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