The Big Integration Between iMe and Binance! And it is Just the Beginning
iMe Smart Platform has differentiated itself as an innovative decentralized financial platform that is creating a new era of easy and seamless accessibility of crypto tools. By bringing the advanced functionalities of DeFi seamlessly integrated within a messenger platform, we are involving the entire world in the DeFi revolution that is slowly but surely taking over the financial markets.
In line with this philosophy, we are integrating Binance Pay into the iMe app. To implement this functionality, the iMe and Binance teams are working in close collaboration. Through this integration, Binance Pay is now available to the users of the iMe app (available for Android and iOS users), and the Binance community will get to use the powerful features and functionalities of the iMe platform. This creates a win-win scenario for both communities.
What the integration of iMe and Binance means
iMe Smart Platform hosts a feature-rich messenger with integrated DeFi functionality which is an alternative client based on the Telegram API. In the initial phases, the implementation of this collaboration between iMe and Binance entails -
- Linking your Binance Pay account to your iMe wallet;
- Displaying of coins with balances and transaction history;
- Creation of payment requests between users, including within the chat;
- Making payments to requests by scanning the QR code, with a quick transition to Binance Pay for confirmation.
The Binance app is made for professional users and it is difficult for beginners to navigate its interface. This may seem like a hurdle in the mass adoption of cryptocurrencies and the powerful benefits of DeFi. For this reason, the integration of Binance Pay with iMe will simplify all processes and interactions.
The Binance Pay app does not have a chat/messenger feature and users have to use third-party applications, for example, for sending a QR code with a payment request. But with the integration of iMe, transactions can be conducted between users of the messenger, among their contacts, right within chats. It is extremely convenient and there is no need to confirm the identity of the user by asking for verification details before sending a request or making payment.
One of the biggest advantages of using Binance Pay is the fact that all transactions are real-time and happen instantaneously. They do not require any gas fees or other commissions. Anyone who has made any transactions over the blockchain will attest ruefully to the fact that gas fees can be extremely volatile and can dig into the transaction amounts badly. However, with Binance Pay, the transactions are truly peer-to-peer and fast.
How to start using this functionality?
First, you will need to have a verified Binance account with Binance Pay activated on it. If you don’t have a Binance account yet, you can create one on the official website https://www.binance.com/ and then go through the verification process.
We recommend you to have installed the Binance app with successful verification on the same device where the iMe app is also installed.
Next, you will need to connect your Binance account to your iMe wallet. You can always disconnect your Binance account from the iMe app by clicking the 3 dots on the main Binance Pay account screen and log out.
The future promises more excitement
We are extremely excited because this is just the beginning, and we are working on expanding the functionality to add more features. Let us give you a sneak peek into what’s next -
Deposit. Replenishment of your Binance Pay account from iMe crypto wallet address;
Withdraw. Replenishment of iMe crypto wallet address from your Binance Pay account;
Purchases. Marketplace with payment via Binance Pay account in iMe.
With this integration with the leader in the crypto world, we believe that the scope of functionalities for tokens added to iMe crypto wallet, along with its native token LIME, will grow.
LIME plays a central role within the iMe platform, not just to pay for fees for using different features and functionalities but also as a reward mechanism wherein LIME holders (stakers) hold a privileged position and can leverage the almost limitless opportunities that the iMe platform provides.
By integrating Binance Pay to iMe, we are creating an entire ecosystem — an advanced messenger based on Telegram, non-custodial crypto wallet and Binance Pay — everything in one unified app!
Check out our FAQ on the functionality of Binance Pay.