Binance wants to offer much more than just cryptocurrency trading, staking or savings services on its platform. The cryptocurrency exchange is embarking on a 2- and 4-wheel adventure.
Binance on track to become a super App
Binance is giving a boost to cryptocurrency adoption, by partnering with Splyt. The latter describes itself, on its website, as “the world’s first on-demand service network”. In concrete terms, Splyt facilitates the integration of its partners’ services on the application of its customers.
In this context, it collaborates with renowned companies, such as Uber or Booking.com. Splyt users can thus integrate the following services
- Carpooling and micro-mobility services;
- Travel-related services, such as accommodation;
- Meal delivery.
Thanks to this partnership with Splyt, Binance could then become a super application, offering the services mentioned above. In addition, the co-founder of Splyt highlighted the fact that the crypto platform is “pioneering the integration of ride-sharing”.
Crypto bikes and scooters on the CZ app
Binance thus considerably enriches its offer and improves its attractiveness via this integration of Splyt to its platform.
As for its users, they will be able to access the services of Splyt’s partners, without having to leave the Binance app. The services available are not limited to carpooling. They include:
- Self-service bikes and scooters;
- Airport transfer services;
- Utilities;
- Meal deliveries.
Customers of the exchange will of course be able to pay for all these services in cryptocurrencies.
The price of Bitcoin at $20,000: Binance continues to grow
This partnership between Binance and Splyt comes at a particular time for the cryptosphere. Bear markets since the beginning of 2022 are impacting the financial performance of crypto exchanges.
Crypto exchanges are thus putting their development projects on hold. They are even laying off a large part of their staff to ensure their sustainability.
In addition, Binance and Splyt announced this partnership, while the price of Bitcoin is back to the level close to 20,000 dollars.
But despite this cyclical crisis, Binance is still committed to a project that greatly contributes to the adoption of cryptocurrencies.
Binance thus continues to focus on the long term with this integration of Splyt, although the current tremors have not spared it. Indeed, the company had raised concerns by recently suspending withdrawals on its platform. In addition, it is facing potential lawsuits over Terra (LUNA).
