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.
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.
