Singapore-based digital payments platform dtcpay has teamed up with BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain by daily transactions, to accelerate the real-world utility of stable coins.

Dtcpay said in a statement on Wednesday that this collaboration marks an important step in making Web3 payments more accessible, cost-effective, and seamless for both businesses and consumers.

Through this integration, dtcpay will enable businesses and merchants to accept payments via the BNB Chain network, opening up new opportunities for users to pay with stable coins like USDT and USDC on BNB Smart Chain (BSC) and opBNB.

Additionally, dtcpay is focused on reducing transaction costs by providing lower gas fees for users compared to other blockchain networks.

By integrating BNB Chain as a payment network on dtcpay’s payment platform, the collaboration will increase the feasibility of businesses and merchants accepting stablecoin payments in the real world, helping bridge the gap between traditional finance and Web3 technologies.

The collaboration between dtcpay and BNB Chain marks a game-changing development for both the blockchain and payments industries.

BNB Chain has become one of the most widely adopted blockchain networks due to its scalability, speed, and low transaction fees, making it a perfect fit for businesses looking to integrate stable coin payments without the hurdles of high gas fees or slow transaction times.

By including BNB Chain as a payment network, dtcpay provides merchants and customers with a more efficient and cost-effective way to process stable coin payments, opening up a new world of possibilities for businesses to access a broader, global customer base.

BNB Chain will be able to tap into dtcpay’s merchant ecosystem which includes a wide range of retailers, such as Capella Hotel Group, and over 35,000 locations in Singapore via the NETS SGQR+ unified QR code system.

“With dtcpay’s payment solutions, businesses can now seamlessly send and accept payments in stable coins like USDT and USDC not only on Ethereum, Tron or Polygon, but on BNB Chain, allowing for easy off-ramping and conversion of stable coins to fiat currencies,

“By integrating BNB Chain in our payment solutions, dtcpay empowers businesses to accept stable coin payments without the complications that traditionally come with dealing in digital assets,” said Andy Sze Toh, Head of Payments, dtcpay.

Meanwhile, Sarah S, Head of Business Development at BNB Chain, said the collaboration with dtcpay will simplify and expand the use of stable coins, integrating crypto into daily life and advancing BNB Chain’s goal of driving widespread Web3 adoption.

The collaboration between dtcpay and BNB Chain aligns with the broader vision of both companies to foster greater adoption of blockchain technology and stable coins in real-world applications.

Dtcpay aims to break down the barriers between traditional financial services and Web3 finance, making it easier for businesses to integrate stable coin payments into their operations.

This collaboration with BNB Chain accelerates that mission by offering a faster, more affordable way for businesses and users to interact with blockchain technology.

The ability to pay via BNB Chain also represents another step forward in expanding the real-world use cases for stable coins.

From small businesses to large enterprises, the integration of BNB Chain into dtcpay’s payment ecosystem gives companies the flexibility to choose the blockchain network that best fits their needs.

Whether it’s reducing transaction costs or tapping into the global potential of blockchain technology, this collaboration also offers a future-proof solution that pushes the boundaries of what’s possible with stable coin payments.

Beyond a technical upgrade, this integration represents a significant leap forward in the real-world utility of stable coins.

By embracing BNB Chain, dtcpay helps to further legitimize stable coins as a mainstream payment method and supports businesses in adopting blockchain technologies with ease.

As global awareness and adoption of blockchain technologies continue to rise, this collaboration places dtcpay and BNB Chain at the forefront of enabling global payment connectivity, demonstrating that digital assets can be accessible, practical, and usable in everyday commerce, said the statement.

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