Overview
Binance Pay has partnered with over 80 merchants across the French Riviera, enabling seamless cryptocurrency payments at hotels, restaurants, and retail outlets. Tourists spending €20+ receive 5 EURI stablecoins, while French residents can unlock USDC vouchers for transactions exceeding €50. This rollout coincides with Cannes' peak tourism season and the Ethereum Community Conference, showcasing real-world crypto utility in travel and hospitality.
Key Features of Binance Pay in Cannes
Merchant Integration
- 80+ participating venues, including JW Marriott, Hôtel Mondrian, and beach clubs.
- Supported cryptocurrencies: 100+ assets, including stablecoins (e.g., EURI, USDC).
- Categories: Luxury hotels, dining, retail, marine services, and transportation.
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Rewards Program
- Tourists: Earn 5 EURI for spends ≥€20 (limited to 1,999 users).
- French residents: Claim up to 20 USDC for spends ≥€50 (19,000 USDC pool).
- EURI stablecoin: MiCA-compliant, euro-backed, credited directly to Binance wallets.
Technology Benefits
- Gas-free transactions: Instant settlements with no conversion fees.
- Local partnerships: Collaboration with fintech firm Lyzi for merchant onboarding.
Why This Matters
- Tourism-driven adoption: Enhances convenience for international travelers.
- Regulatory alignment: EURI complies with EU’s MiCA framework.
- Event synergy: Launched alongside Ethereum Community Conference (June 30–July 3).
Participating Businesses
| Category | Examples |
|---|---|
| Hotels | JW Marriott, Hôtel Mondrian |
| Dining | La Banane, beach clubs |
| Retail | Art in Time, Multi Art Gallery |
| Services | Yacht rentals, pharmacies |
FAQs
How do I claim EURI rewards?
Spend €20+ at any participating merchant and receive 5 EURI automatically in your Binance wallet.
Are there fees for using Binance Pay?
No. Transactions are gas-free with zero conversion fees.
Which cryptocurrencies are accepted?
Over 100 assets, including BTC, ETH, and stablecoins like USDC and EURI.
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Future Outlook
This initiative positions Cannes as a leader in crypto-powered tourism, potentially inspiring similar adoptions in other regions. By merging digital currency with luxury travel, Binance Pay demonstrates stablecoins’ viability in everyday commerce.
Note: All promotional terms apply; verify eligibility via Binance’s official channels.
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