PANews reported on July 3 that according to the official announcement, Binance Payment launched two important upgrades to make cryptocurrency transfers simpler, faster and safer. The contact transfers and on-chain transfers launched provide new cryptocurrency transfer solutions that can meet the needs and preferences of different users.

• Binance Pay Contact Transfers: Quickly transfer crypto to your mobile contacts without entering a wallet address, email, or Binance ID. Choose from over 300 cryptocurrencies with no gas fees.
• Binance Payment on-chain transfer: Simply scan a QR code or take a photo of your wallet address to easily transfer cryptocurrencies on-chain. No manual input or tedious network operations are required.