Coingate to Introduce Gift Card Store on Binance Mobile App

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CoinGate, a digital currency payments gateway, launches a gift card shop on Thursday on the Binance Mobile App. This will allow Binance users to buy gift cards using bitcoins.

Among other things, Coingate is recognized for its gift card shop, where it provides gift cards from more than 1,000 retailers and brands, selling them for cryptocurrency. The selections on its site contain major brands of practically every nation, which makes its services particularly specialized.

The relationship with Binance will put its services closer to a bigger bitcoin community. It will enable users to buy gift cards with any digital currencies saved on their Binance Wallet. Previously, Coingate added Binance Pay as a payment mechanism into their gift card shop.

“This partnership is making purchases with cryptocurrencies even more accessible for crypto owners, thus increasing the crypto adoption even further, which is the core mission for us here at CoinGate,”  the business noted.

Crypto to Become Mainstream

Additionally, Coingate provides an exchange platform for buying and selling cryptocurrencies. But, its biggest offering remains the crypto payment gateway that it gives to businesses for receiving payments in numerous cryptocurrencies.

In November, Coingate introduced Shiba Inu, a famous dog-themed meme token, on its platform, enabling traders and merchants to utilize the cryptocurrency. At that time, the corporation underlined the potential of any digital currency to become a paying currency.

In the meantime, numerous additional sites started peer-to-peer services to trade gift cards for cryptocurrency. Moreover, it became a viable enterprise for many nations with a crumbling economy.

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