Leading provider of power bank charging services, Instpower, has partnered with Binance Pay and Alchemy Pay to enable its customers to pay with cryptocurrencies at more than 14,000 sites across the world. The opening of Burger King in Paris is the most significant development for both the company and the use of cryptocurrencies for real-world products and services. The well-known Instpower power bank rental devices from the international fast-food company Burger King have been put in various locations in Paris. These machines accept cryptocurrency payments processed by Alchemy Pay and Binance Pay.
“Our Partnership with Burger King has Elevated Us to a New Level,” Claims Yann Phu
The addition of the Instpower machines in Paris has thrilled Yann Phu, Chief Executive Officer of Flash Development, the supplier in charge of accomplishing their deployment across Europe. He claims that this partnership with Burger King in Paris has advanced their business operations in Europe. Customers will be able to charge their gadgets while they are on the go thanks to Instpower’s equipment. These power banks are commonly utilized in Asia, but their market adoption in Europe is still in its birth.
They are offering advanced payment alternatives to Europeans by allowing users of Alchemy Pay to pay with cryptocurrency via Binance Pay. Cryptocurrency is the perfect payment option for Instpower’s shared power banks since it has no geographical boundaries and is frequently used by people to charge their gadgets when out and about in hotels, restaurants, pubs, and airports. This facilitates the acceptance of cryptocurrency payments further by the food chain. Yet Instpower only uses two payment processors: Alchemy and Binance Pay.
To allow in-person and online retailers to accept cryptocurrency payments from clients, Alchemy Pay introduced the first hybrid merchant pay acceptance system in the world in 2019. Almost 2 million retailers in more than 70 different areas have touchpoints with the fiat-crypto users of the financial system by 2021. Alchemy Pay and Binance joined in 2021, To support Binance’s Binance Pay payment mechanism.
Despite the Crisis, Crypto Companies are Still Moving into France
Despite the downturn, the sector was going through generally last year, crypto companies kept moving into France. Exchanges were encouraged to open shop by the nation’s cryptocurrency-friendly rules. For operation in the area, exchanges including Binance, Crypto.com, and a few others have obtained licenses. Binance and Ingenico teamed together to offer payment solutions at La Carlie, a bar, and Miss Opéra, a clothes boutique, back in February 2023.