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Binance, the world’s largest cryptocurrency exchange by volume, will now become the first to offer ride-hailing services on its platform. Users can book ride-hailing services and experiences, then pay with their preferred cryptocurrency. Without having to download multiple apps or remember some usernames and passwords, super app users can access seamlessly and complete transactions with Binance Pay. “Binance Pay is proud to partner with Splyt globally as we expand our offering to our user base,” said Pakning Luk, Binance Pay’s regional business development manager. “Without leaving the Binance App, Binance Pay users have the full capabilities of the Splyt service, which allows them to discover new places and experiences wherever they find themselves.”
Splyt will provide Binance’s 90 million users with a network of mobile partners in 150 countries around the world. “We are excited to partner with Binance, the world’s leading cryptocurrency exchange, as it pioneers ride-hailing and experience integration, and evolves into a true super app,” said Splyt co-founder and CEO Philipp Mintchin. “Furthermore, Binance’s 90 million users will become an extremely strong demand partner for our network of ride-hailing service providers and experiences.” Splyt’s on-demand services, such as providing for more than 300,000 trips, car tickets and things to do, will also support global customers, through support for local language conversion. The service is already available to billions of global smartphone users through other top super apps, such as Alipay, Grab, and Booking.com. 
Earlier this week, Binance CEO Changpeng Zhao said he believes the current cryptocurrency winter is a good time to invest and expand the company. Zhao stated that the exchange has “a very healthy war chest” and that “in fact we are expanding our recruitment right now.” The splyt acquisition is just one example of the expansion the company is experiencing amid a market downturn. >> See also: Binance Registration Guide 2022
