{"id":65087,"date":"2022-09-22T18:07:10","date_gmt":"2022-09-22T11:07:10","guid":{"rendered":"https:\/\/wikibinance.com\/?p=65087"},"modified":"2022-10-06T16:40:38","modified_gmt":"2022-10-06T09:40:38","slug":"binance-eazypay-of-bahrain","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/news\/binance-eazypay-of-bahrain.html","title":{"rendered":"EazyPay of Bahrain partners with Binance to enable crypto payments"},"content":{"rendered":"

EazyPay of Bahrain partners with Binance <\/strong><\/h2>\n

Cryptocurrency adoption continues growing in the Kingdom of Bahrain, with local companies enabling payments in crypto like Bitcoin (BTC)<\/a>.<\/p>\n

EazyPay, an online payment platform regulated by the Central Bank of Bahrain (CBB), has partnered with Binance Pay to enable crypto payments in the country, EazyPay CEO and founder Nayef Tawfiq Al Alawi\u00a0announced\u00a0on Wednesday.<\/p>\n

The newly launched crypto payment option will be available in more than 5,000 point-of-sale (POS) terminals and online payment gateway across Bahrain, the CEO said.<\/p>\n

Major local merchants and firms, including Lulu Hypermarket, Sharaf DG, Al Zain Jewelry and Jasmi\u2019s, will be able to accept more than 70 cryptocurrencies as payment by scanning the QR code from Eazy\u2019s POS using Binance App.<\/p>\n

\"EazyPay
EazyPay of Bahrain partners with Binance<\/figcaption><\/figure>\n

Al Alawi emphasized that \u200e\u200fEazy Financial Services is licensed and regulated by Bahrain\u2019s central bank as the fifth POS and online payment gateway acquirer and payment services provider.<\/p>\n

\u201cSpecial thanks go to the Central Bank of Bahrain, Binance and Eazy Financial Services,\u201d he noted. Khalid Hamad Al Hamad, executive director of the banking supervision at the CBB, also\u00a0congratulated\u00a0Eazy on rolling out the new crypto payment service.<\/p><\/blockquote>\n

Binance<\/a> CEO Changpeng Zhao\u00a0noted\u00a0that EazyPay\u2019s crypto payment feature would be the \u201cfirst regulated and approved crypto payments service offering\u201d in the Middle East and North Africa region. As previously reported, Binance received several regulatory approvals in Bahrain, including a\u00a0crypto service provider license\u00a0and the Category 4 license.<\/p>\n

Bahrain adopts\u00a0cryptocurrency<\/strong><\/h2>\n

The third-smallest country in Asia, Bahrain, has been actively adopting cryptocurrency over the past few years. In 2019, the CBB\u00a0issued\u00a0a framework for a range of crypto-related activities, officially establishing rules for licensing, governance, risk management, Anti-Money Laundering standards, reporting, security and other rules for crypto-asset services.<\/p>\n

\"Bahrain\"
Bahrain adopts cryptocurrency<\/figcaption><\/figure>\n

Bahrain has been actively experimenting with crypto and blockchain technology since adopting crypto regulations. In January 2022, The\u00a0CBB completed a digital payments trial\u00a0in collaboration with JPMorgan\u2019s blockchain and cryptocurrency unit Onyx.<\/p>\n

CoinMENA, a major local\u00a0crypto exchange regulated by the CBB, in June\u00a0announced\u00a0plans to expand its crypto trading services into Egypt.<\/p>\n\n\n

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EazyPay of Bahrain partners with Binance Cryptocurrency adoption continues growing in the Kingdom of Bahrain, with local companies enabling payments in crypto like Bitcoin (BTC). EazyPay, an online payment platform regulated by the Central Bank of Bahrain (CBB), has partnered with Binance Pay to enable crypto payments in the country, EazyPay CEO and founder Nayef […]<\/p>\n","protected":false},"author":28,"featured_media":65088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[392],"tags":[4305,1457,1478,4306],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/65087"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=65087"}],"version-history":[{"count":2,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/65087\/revisions"}],"predecessor-version":[{"id":65596,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/65087\/revisions\/65596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/65088"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=65087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=65087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=65087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}