🔥 Land A High Paying Web3 Job In 90 Days LEARN MORE

Binance lights up the holidays with $200K Binance PayDay cashback shopping event

In this post:

  • Binance launched the ‘Binance PayDay’ shopping event for its customers, running from November 28 to December 12, 2024. 
  • It said the event will reward its Binance Pay users with a share of $200K in PEPE for real-world purchases they make with crypto.
  • The crypto cashback will offer each of the 19,480 eligible individual shoppers up to $360 in PEPE tokens on a first-come, first-served basis.

Binance, the world’s largest blockchain and exchange, launched its ‘Binance PayDay’ crypto cashback event for users who do their holiday shopping with cryptocurrencies. The exchange offered up $200K in PEPE for 19,480 eligible shoppers who shop from participating Binance Pay merchants.

The promotion will run from November 28 to December 12, 2024.  

Binance will reward Binance Pay users

The crypto exchange announced the launch of its ‘Binance PayDay’ event, offering holiday shoppers the chance to earn a part of the $200K in PEPE cashback rewards. The promotion will be available to the first 19,480 eligible users who shop at selected merchants using Binance Pay.

The event will feature two promotions. 

In the first promotion, shoppers who spend crypto equal to $20 in a single transaction will receive $10 in PEPE back. The cashback rewards will be available on a first-come, first-served basis. The crypto exchange disclosed that each user will only be eligible for one reward in this promotion.

The second promotion will reward the top 100 shoppers who spend $200 and above on Binance Pay through accumulated purchases or as a single transaction at selected merchants.

The exchange clarified that refunds will be considered when assessing the cumulative purchase volume. Shoppers qualifying for the second category will share rewards from a $5,200 PEPE prize pool, and top spenders will receive up to $350 in PEPE.

See also  Tom Lee of Fundstrat predicts Bitcoin will reach $250,000 in a year.

The exchange confirmed it will use 0.0000190758 as the PEPE/USD exchange rate to facilitate rewards distribution.

“With cashback rewards and a wide range of participating merchants, we’re making it easier than ever for users to shop for everything from everyday essentials to luxury items while enjoying the speed, security, and cost-effectiveness of utilizing Binance Pay.”

-Rachel Conlan, Binance chief marketing officer

Conlan said Binance PayDay is all about allowing holiday shoppers to experience the ease, convenience, and benefits of crypto payments. She added that the campaign will showcase how crypto can enhance shopping by offering shoppers flexibility and great value. 

Binance brings together diverse merchants and shoppers 

The Binance PayDay event will bring together a range of worldwide merchants and users. All shoppers will be allowed to earn rewards while shopping at (selected) merchant stores for different needs. Binance reports that the payment system is available at over 11,000 merchants worldwide and is used by over 28 million people for daily transactions. 

Binance Pay is Binance’s offering for making transactions seamless and secure. It says its Binance Pay can be used in different scenarios, including high-value purchases like buying a luxury car at LG Dream Cars in France or investing in real estate properties with Bin Faqeeh in Bahrain. 

See also  XRP jumps above $2, overtakes Solana as 4th largest crypto by market cap

Binance Pay is also available for small purchases and everyday essentials, like getting groceries from Pick n’ Pay in South Africa. Global travelers can also use it to book flights and hotels through platforms like Despegar and Travala.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Cryptopolitan
Subscribe to CryptoPolitan