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Binance Now Has Its Own Payments Provider

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Mon, 7/03/2022 - 14:05
Binance Now Has Its Own Payments Provider
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Binance, the number one cryptocurrency exchange in the world, has announced the launch of its own payments technology company called Bifinity.

Bifinity will act as the exchange's official fiat-to-crypto payments provider.

It supports a host of cryptocurrencies as well as traditional payment networks such as Visa and Mastercard.

Merchants will be able to integrate the company's application programming interface (API) in order to reach a higher level of scale. The service claims that it offers payment processing fees.

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Helen Hai, president of Bifinity, believes that the company will help to propel crypto adoption around the world:

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As the crypto and the Web3 economy continue to grow, we see greater demand to build improved fiat-to-crypto on-ramps to bridge the gap between the traditional finance industry and the decentralized and centralized crypto economy.

Bifinity has already secured partnerships with Eqonex and Paysafe.

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