Binance Boosts its Fiat-to-Crypto Payments; Launches Bifinity

Bifinity will be the official fiat-to-crypto payments provider for Binance and other major blockchain platforms


Teckwai Saw

8 Mar, 2022

Binance Boosts its Fiat-to-Crypto Payments; Launches Bifinity | BEAMSTART News

Leading cryptocurrency exchange, Binance has launched Bifinity, to boost its fiat-to-crypto payments technology.

"At Binance, the vision is to increase the freedom of money globally. With the launch of Bifinity, we aim to accelerate mass crypto adoption," said Helen Hai, President of Bifinity.

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Key Highlights

  • Bifinity is a payments technology firm that empowers businesses, merchants and global users to adopt crypto with easy and direct fiat-to-crypto transactions.
  • Businesses and merchants can seamlessly integrate Bifinity’s APIs to scale easily by getting their business ready for crypto payments.
  • Bifinity also announced that it has partnered with Eqonex, a Nasdaq listed crypto exchange.
  • Under the strategic partnership, Bifinity will advance a US$36 million convertible loan to Eqonex and both firms will work together to further expand their businesses.
  • Besides that, Bifinity has also partnered with leading payments platform, Paysafe and payments processor, Checkout.com, to grow the Web3 economy by expanding cryptocurrency access globally and upgrade its on-ramp payment processing infrastructure.

Community Q&A

Bifinity Currently Supports:

  • Over 50 cryptocurrencies globally
  • All major payment methods, including VISA, Mastercard and more
  • Buy to sell crypto service for consumers
  • Simple, intuitive and seamless API integration for merchants
  • Low cost payment process fees for merchants
  • Top-tier KYC onboarding process

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