Amazing news! Cartesi, the project that is taking smart contracts to next level joins the list of payment methods available on secure, contactless, and borderless payment platform Binance Pay.
Now Binance users, merchant inclusive can carry out payment transactions using Cartesi native token CTSI. The addition of CTSI token is an important milestone for the Cartesi ecosystem. This integration will open up the layer 2 blockchain infrastructure platform to the large number of users on Binance Pay. With support from Binance Pay, CTSI also went live on crypto-friendly travel platform Travala.com. Notably, CTSI token holders can now book over 3 million travel products available on Travala.com and also enjoy 5% credit back. This offer is scheduled to last till May 31, 2021. Impressively, the number of monthly active users (MAU) in March for Travala.com exceeded 160,000.
— Travala.com (@travalacom) April 28, 2021
Cartesi is a layer 2 infrastructure looking to solve scalability issues and outrageous fees associated with blockchains. To achieve this, it makes use of a variant of optimistic roll-ups and sidechains. Subsequently, making it possible for developers to carry out smart contract programming by using mainstream software stacks. It does this with no underlying risk to privacy and security.
This layer 2 infrastructure couldn’t have come at a better time. What with the unprecedented increase in DeFi projects and the corresponding increase in Ethereum’s scalability issues.
Cartesi (CTSI) currently boasts of integration with top chains like Ethereum, Binance Smart Chain (BSC), Elrond and Polygon.
About Binance Pay
Binance Pay is the payment arm of popular cryptocurrency exchange Binance. It boasts making it possible for users to receive or make payments using a contactless, reliable, and borderless interface. Simply put, Binance users around the globe can easily send or receive funds using Binance Pay. Its transactions are also instantaneous and secure.
Binance Pay is currently available to users in jurisdictions where its services are available. Interested persons only need to complete identity verification processes to be eligible to make use of Binance Pay.
Over thirty (30) fiat and digital currencies have been onboarded on Binance Pay. Some of the approved fiats include EUR, GBP, BRL, TRY, etc. Approved cryptocurrencies also include the world’s foremost crypto BTC, BNB, ETH, ADA, BCH, DOGE, LINK, YUSD, FIL, ETC, QTUM, TUSD, USDC, ONE, EGLG, USDT, FRONT, LTC, MATIC, XRP, VET, NEO, SXP, etc.
CTSI and BNB price
BNB, on the other hand, was trading at $616, with a market cap of $86,598,262,532 and a 24-hour trading volume of $5,255,432,853.
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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Cartesi. Copyright Altcoin Buzz Pte Ltd.