Binance’s crypto-to-fiat payment system takes off

Binance has introduced a new product through which it will enable businesses to start using cryptocurrencies without necessarily going to any extra lengths.

The crypto exchange is using the Bifinity solution which allows fiat-to-crypto payments, which in turn enable B2B customers to connect with new audiences.

Bifinity is also entering a partnership with Eqonex, a NASDAQ-listed crypto exchange, to further establish its footprint on international markets.

Bifinity concluded another partnership with global payment processor Paysafe and Checkout.com to facilitate trading between fiat and cryptocurrencies.

The company supports 50 cryptocurrencies which will be the first available to consumers who wish to experience an easy onboarding from fiat to crypto options.

These partnerships will help Bifinity improve its on-ramp payment processing infrastructure and lead to better prevention of fraudulent activities.

Partners are already lending their regulatory knowledge to make Bifinity a stable product in different markets. Paysafe is in particular offering guidance on regulation concerning fiat-to-crypto payments.

Thanks to these partnerships, Bifinity enjoys stable operation and can provide customers with access to leading currencies, including GBP and EUR in exchange for crypto using the Single Euro Payments Area (SEPA) bank transfers or the Faster Payment Services (FPS).

Bifinity has further plans to scale its offer in other markets and jurisdictions and mostly across Latin America through PayScale and other partnerships. As fiat-to-crypto solutions become more readily available, so are entertainment websites.

You can spend your cryptocurrencies at places such as 1xBit, FortuneJack or Bitcasino.io and play some of the best crypto casino games available.

Source

Updated: 03/09/2022 — 10:00