MoonPay announced supporting the BSC assets like BNB and BUSD in the platform globally. It means the assets can be transferred using MoonPay apps and traded for other cryptocurrencies.
It’s a major step for BSC on the path to attract more users and grow the community. When new users find the opportunity to transact BSC tokens, we can expect more developers to become interested in creating products on the Binance Smart Chain blockchain.
BSC Ecosystem Growing
All of the blockchains need mainstream users to grow fast. When ordinary people use the services and cryptocurrencies of a blockchain, we can expect more developers to come to the ecosystem.
Besides, it can somehow force the regulators to ease the process of legalizing some platforms. Binance Smart Chain, aka BSC, is one of the mos innovative blockchains that aims to provide a reliable infrastructure for dApps. Lots of financial services have launched on the blockchain, among which PancakeSwap is one of the most famous. BNB and BUSD are two of the most popular cryptocurrencies on this blockchain.
Almost all of DeFi products on BSC rely on BNB and BUSD. The former is Binance’s native cryptocurrency, and the latter is the USD-pegged stablecoin of Binance. Most of the major cryptocurrency wallets like Trust Wallet, ZenGo, Changelly, Coinbox, MetaMask, Ledger, and Trezor support them. Now MoonPay is added to the support list. The payment infrastructure provider for cryptocurrencies now supports BSC assets, most notable BNB and BUSD.
MoonPay plays a critical role in expanding the cryptocurrency payment ecosystem by providing the essential infrastructure. The new support of BSC assets means the team is serious about helping more innovative blockchains and helping them find more users. BSC is the forefront platform of Binance in the dApps war, and execs are very happy about finding more partners in the industry. Binance founder CZ deeply believes in the future of decentralized finance and has shown his support for projects like BSC many times. In the launch event of Binance DEX in 2019, Changpeng Zhao said:
“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system. With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”
With the support of MoonPay, we can expect more applications to add BSC assets to their coin lists. More wallets and applications mean more users for BSC, and the ultimate result will be a bigger competitor for legacy players like Ethereum and Polkadot.
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