Binance Pay has rolled out two new features—Send via Contact and Send On-Chain—designed to make cryptocurrency transactions easier and more accessible for users worldwide. These updates aim to expand Binance’s user base and boost platform engagement by offering a more user-friendly experience.
The Send via Contact feature allows users to send crypto directly to people in their mobile contacts, eliminating the need for complex wallet addresses. Supporting over 300 cryptocurrencies with zero gas fees, this enhancement makes digital asset transfers more straightforward and cost-effective.
Meanwhile, Send On-Chain improves transaction convenience by enabling users to transfer crypto using QR code scans or photos of wallet addresses, reducing the chances of errors and simplifying the process.
These features are expected to influence market dynamics by lowering transaction costs and improving liquidity. Faster, more secure transfers could encourage more frequent usage and activity across supported cryptocurrencies.
According to Binance, the updates “empower users to transact with cryptocurrencies more intuitively and efficiently than ever before.”
July 2025, Cryptonitueae
