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

Binance, the world's leading blockchain and exchange, has launched its 'Binance PayDay' crypto cashback event for users who make their holiday purchases with cryptocurrencies. The exchange is offering up to $200K in PEPE for 19,480 eligible shoppers who transact with participating Binance Pay merchants.

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

Binance Rewards Binance Pay Users

The crypto exchange has announced the launch of its 'Binance PayDay' event, giving holiday shoppers the opportunity to earn a share of the $200K in PEPE cashback rewards. The promotion is open to the first 19,480 eligible users who make purchases at selected merchants using Binance Pay.

Two Promotions

The event features two promotions.

• In the first promotion, shoppers who spend crypto equivalent 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. Each user is eligible for only one reward in this promotion.
• The second promotion rewards the top 100 shoppers who spend $200 and above on Binance Pay through accumulated purchases or as a single transaction at selected merchants. Refunds will be considered when calculating the cumulative purchase volume. Shoppers qualifying for this promotion will share rewards from a $5,200 PEPE prize pool, with top spenders receiving up to $350 in PEPE.

Exchange Rate for Rewards

The exchange will use 0.0000190758 as the PEPE/USD exchange rate for rewards distribution.

"With cashback rewards and a wide range of participating merchants, we're making it easier than ever for users to purchase everything from daily necessities to luxury items while leveraging the speed, security, and cost-effectiveness of Binance Pay." - Rachel Conlan, Binance chief marketing officer

Conlan stated that Binance PayDay aims to provide holiday shoppers with a convenient and rewarding crypto payment experience. She emphasized that the campaign highlights the advantages of crypto in enhancing shopping, offering flexibility and value.

Merchant and Shopper Collaboration

The Binance PayDay event connects numerous global merchants and users. Shoppers can earn rewards while transacting with merchants across various sectors. Binance reports that its payment system is accepted by over 11,000 merchants worldwide and is utilized by more than 28 million individuals for daily transactions.

Binance Pay facilitates seamless and secure transactions. It can be used in various scenarios, from high-value purchases like luxury cars at LG Dream Cars in France to real estate investments with Bin Faqeeh in Bahrain.

Binance Pay is also accessible for daily expenses, such as groceries at Pick n' Pay in South Africa. International travelers can leverage it for flight and hotel bookings through platforms like Despegar and Travala.