blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Web3 Payment Solutions Provider PIP Reveals Binance Ecosystem Integration to Grow Coverage to Web2 Services

Mushu Butt by Mushu Butt
August 16, 2022 - 2:00 pm
in blockchain news
0
PIP
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

PIP, a supplier of Web3 payment solutions, has begun offering its services within the Binance ecosystem. These services support Binance Coin (BNB) and Binance USD (BUSD), both of which are stablecoins, for users of the Binance Smart Chain (BSC). The PIP Extension product of the network will be the one to deliver the more sophisticated service that acts as a connector for the Web3 ecosystem between a variety of linked Web2 social media networks.

This innovative coupling of the PIP browser-based extension with the Binance ecosystem will outline PIP’s added value for Binance’s huge existing customer base of cryptocurrency investors and traders. The expansion will serve to strengthen the idea of the microeconomy by removing major impediments to the billions of social media users who utilize its comprehensive financial services. This will be accomplished through the use of the platform’s inclusive financial services.

Users of PIP are able to generate a one-of-a-kind PIP tag and then link it to a supported social media account in order to simplify the process of making payments to other PIP users. Users are relieved of the burden of having to memorize lengthy wallet addresses when they share tags, which simplifies the entire end-to-end process of transferring payments, both small and large, at an affordable rate.

Streamlining Social Media Payments And Tips

Social media users are able to send payments and tips in a streamlined manner thanks to the platform’s user interface, which is geared toward the consumer and supports a number of major cryptocurrencies as well as stablecoins. These users may be transacting for products or services or perhaps appreciating their favorite content creators. PIP provides an inclusive monetization channel for all service and product providers. They can incorporate the blockchain infrastructure into their enterprises by publishing their PIP tags on their social media profiles or by embedding PIP buttons on their websites.

This would be a more cost-effective and straightforward way to exchange values between them in comparison to the use of legacy services. PIP already integrates with a number of well-known Web 2.0 social media networks, such as Twitter, Discord, Twitch, and Reddit. This makes it possible for users to sign up using their existing social media accounts in order to facilitate payments, tips, contributions, and other transactions amongst other users of the same platform.

Even users who do not have a PIP account are able to take part in the platform by accepting transactions via an escrow-based payment system. PIP.ME and the PIP Button will, at some point in the future, be able to offer support for the BNB and BUSD tokens. PIP.ME is a user-customizable link to a Web3 profile that can be distributed in order to facilitate the acceptance of payments, the display or marketing of user-owned NFTs, and the dissemination of content. Jeff Baek, CEO and Co-Founder of PIP, asserts, “We believe that PIP will help $17 billion BUSD to expand beyond a trading pair to become a means of global payment, flouring micropayment economy.”

Augmenting Online Content Monetization

PIP Button is yet another service developed to facilitate the commercialization of online activities. It does this by assisting users with the construction of a payment button for accepting cryptocurrency without requiring them to have any prior understanding of coding. Before putting a button on a website using HTML code or React, users can design customizable buttons and choose which cryptocurrencies they like to accept. Linking Web 2-based websites with the PIP payment infrastructure completes the product suite in its entirety.

PIP has launched further preparations to bring additional consumer-focused Web3 services to its range after successfully closing a seed-level investment from Alameda Research, Coinbase Ventures, CMS Holdings, Galaxy Digital Hong Kong, and Genesis Block Ventures. In addition, as part of its roadmap, the PIP team plans to expand support for more blockchains, currencies, and social media sites over the course of the next few quarters.

PIP aims to simplify the complexity and expense of crypto transactions by creating user-friendly interfaces, ultimately enhancing Web3-based financial inclusion. PIP’s portfolio of solutions, which includes PIP Extension, PIP ME, and PIP Button, enables social network users to transact and monetize content creation with ease. To date, the platform has onboarded more than 60,000 users and handled over $15 million in cryptocurrency payments.

Tags: BinanceBlockchainBNBEcosystemWeb3
ShareTweet
Mushu Butt

Mushu Butt

Mushu Butt is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media.In addition to being a skilled content writer, Mushu is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushu enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for Blockchainreporter.

Recommended For You

Concordium and Frontier Wallet Partner to Boost Exposure for Concordium Blockchain

by Umair Younas
February 2, 2023 - 1:24 pm
0
frontier concordium

The Concordium blockchain has announced it plans to allow its users to stake and delegate the system's native currency, CCD.

Read more

The Bitcoin Association Unveils a New Series of Executives

by Kester Odero
February 2, 2023 - 11:45 am
0
BSV Association Saudi Digital Academy

The Bitcoin Association recently named a series of executives. The positions named were the CFO, DFO, and executive committee positions.

Read more

Vulcan Blockchain Announces Its Beta Testnet Launch

by Umair Younas
February 2, 2023 - 10:14 am
0
Vulcan

Vulcan Blockchain stated that this move is focused on providing substantial time to developers to carry out scrutiny along with testing smart apps.

Read more

Blockchain Startup Affyn to Launch the Next 44 Cities for NEXUS World Metaverse

by Mushu Butt
February 2, 2023 - 7:30 am
0
affyn

Affyn, a blockchain startup based in Singapore, is getting ready to launch its flagship Metaverse, NEXUS World, which will feature 44 cities.

Read more

ConsenSys Launches MetaMask Learn Initiative to Revolutionize Web3 Learning

by Shayan Chowdhury
February 1, 2023 - 9:30 am
0
Consensys

Blockchain technology company ConsenSys has launched its latest project MetaMask Learn to provide education opportunities to Web3 enthusiasts. 

Read more
Next Post
Ripple Lunu

Ripple Announces a Unique Collaboration to Support Remittances between Thailand and Japan

PARTNERS LIST

PRESS RELEASE

Snowfall Protocol

Joe Biden Reveals Game-Changing Crypto “Roadmap” after $2 Trillion Bitcoin (BTC) and Ethereum (ETH) Crash! Snowfall Protocol (SNW) Still the Top Pick for 2023

by Josh Fernandez
February 2, 2023 - 9:23 am
0

A perennial problem that has dogged the crypto world – and one that Snowfall Protocol (SNW) aims to address –...

Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps

by chainwire
February 1, 2023 - 5:44 pm
0

Seattle, Washington, 1st February, 2023, ChainwirePeer today announced the hiring of a specialist team of engineers from Zenly to develop...

Addressable raises $7.5M to enable Web3 companies to acquire users at scale

by chainwire
January 31, 2023 - 4:30 pm
0

Tel Aviv, Israel, 31st January, 2023, ChainwireAddressable, an innovative end-to-end solution for Web3 marketing, announced today that it secured $7.5...

SIMBA Chain Awarded $30M U.S. Air Force STRATFI

by chainwire
January 31, 2023 - 2:05 pm
0

South Bend, Indiana, 31st January, 2023, ChainwireLeading enterprise blockchain solutions provider SIMBA Chain announces it has been selected for a...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.