LBank Pay Adds Direct BTC, ETH Payments and 20+ Assets, USDT 20,000 Lucky Draw
LBank Pay has expanded its crypto payment service to support direct transactions in 20+ major assets, effective June 11, 2026. Users no longer need to convert holdings into USDT before paying.
Supported coins include BTC, ETH, and SOL, plus other Layer 1/Layer 2 and high-momentum tokens such as DOGE, TON, PEPE, BNB, SUI, XRP, ADA, AVAX, TRX, HYPE, TAO, NEAR, and RWA/gold-backed assets XAUT, PAXG, and ONDO.
The upgrade adds three main features: multi-asset direct payments to remove conversion friction, broader coverage across core L1, L2 ecosystems, and meme tokens, and millisecond-level settlement powered by LBank’s liquidity engine and risk control network. In the LBank app, users update to the latest version and, when scanning a merchant QR code, select “Available Assets” to switch currencies for payment.
To celebrate, LBank Pay runs a Lucky Draw campaign from June 11–21, 2026 (UTC+8) with a 20,000 USDT prize pool. Eligible participants include KYC-verified users who complete tasks like deposits, LBank Pay payments, token holdings, and friend referrals. Rewards can include USDT cash, futures experience bonuses, position vouchers, cashback coupons, and jackpot prizes.
For traders, the key takeaway is improved real-world payment utility for multiple large-cap and niche tokens via LBank Pay, which may boost occasional demand narratives around payment-ready assets while remaining a centralized exchange-led initiative.
Neutral
This is a product/utility update rather than a protocol-level change. LBank Pay enabling direct payments in 20+ assets (including BTC and ETH) can slightly strengthen the “real-world usage” narrative and drive short-term attention toward payment-friendly coins. However, the announcement is exchange-led and centralized, with demand impact likely limited compared with events that change network fundamentals (e.g., ETF approvals, major protocol upgrades, or liquidity/institutional inflows).
In the short term, traders may see mild momentum around assets listed in the payment rails (BTC, ETH, SOL, DOGE, PEPE, etc.), especially if promotional incentives translate into increased on-platform transactions. Similar “payments expansion + rewards” campaigns have historically produced localized spikes in interest, but usually fade once the campaign ends.
In the long term, if more merchants integrate QR payments and users consistently transact across non-USDT assets, it could support gradual utility-driven adoption and potentially improve liquidity conditions on the platform. Still, broader market stability impact is likely limited unless paired with sustained merchant growth and measurable off-exchange usage.
Overall: neutral. Useful for market sentiment around usability, but insufficient to materially alter macro supply/demand dynamics.