BIC to become first international racing circuit to accept crypto payments through Binance

Manama, Oct. 24 (BNA): Bahrain International Circuit (BIC), “The Home of Motorsport in the Middle East” said today that it has signed a payment services agreement with Eazy Financial Services “EazyPay”. As part of the agreement, BIC will be provided with a series of electronic payment services to help enhance business operations and therefore offer the circuit’s customers an enhanced experience. These services include providing the Circuit with state-of-the-art Point-of-Sale (POS) Terminals placed at BIC outlets to accept all types of Debit and Credit cards from Visa & MasterCard. This includes the acceptance of the latest method of payment using Crypto assets via “Binance App”, which is regulated with the support of the Central Bank of Bahrain, making BIC the first International Circuit in the World to accept crypto assets Payments in a regulated, secure and extremely fast manner. The benefits of bringing in EazyPay to BIC will ensure simple and effective transaction journeys for customers, with a partner which is able to ensure first-class service. "We are pleased to have brought on Eazy Financial Services as a POS service provider," BIC Chief Commercial Officer Sherif Al Mahdy said. "The services they offer will benefit our operations greatly while offering a smooth, hassle-free experience for our customers. We look forward to further building on our relationship for the benefit of both our companies.” Nayef Tawfiq Al Alawi, Founder & CEO of Eazy Financial Services, said they are very proud to become the partners of the Bahrain International Circuit, the home of Motorsports in the Middle East, by providing EazyPay competitive, and innovative payment services. Tameem Al Moosawi, General Manager of Binance Bahrain, said they are excited to welcome 'The Home of Motorsport in the Middle East' to the Web 3 Economy. "This agreement enables BIC to become the first international racing circuit in the world to accept crypto-asset payments through Binance Pay’s partnership with EazyPay, showcasing how the Kingdom of Bahrain is continuously in the forefront, supporting regional & global players in keeping up with global trends," he said.