Binance announces the official launch of “Bifinity”…Details here
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Answer Binance announces the official launch of “Bifinity”…Details here
To strengthen its presence in the global payment ecosystem and transfer cryptocurrencies to and from traditional currencies.
The digital exchange platform Binance has officially launched “Bifinity”, the latter is a payment provider and conversion of traditional currencies into cryptocurrencies.
According to what was stated in Binance Post Bifinity is a payments technology company that aims to connect businesses and users across the global crypto and blockchain sector.
Through the use of APIs, merchants will be able to facilitate crypto payments.
According to Binance, Bifinity supports more than 50 cryptocurrencies around the world and helps with major payment methods, including Visa and MasterCard.
Helen Hay, president of Bifinity, commented on the launch:
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As the cryptocurrency and Web3 economy continues to grow, we see a greater demand to build improved crypto exchange platforms to bridge the gap between traditional finance and the decentralized and centralized crypto economy.
At Binance, the vision is to increase these conversions.
With the launch of Bifinity, we aim to accelerate the widespread adoption of cryptocurrencies.
Binance reports that Bifinity provides cost-effective solutions for merchants.
In the coming months, the company plans to partner with prominent crypto wallet providers and blockchain companies.
Web Focus 3:
Interest in Web 3.0 has increased among the global crypto community in the past few months.
Binance believes that cryptocurrencies will support the Web 3.0 economy.
As an important step towards developing the Web 3.0 economy, Bifinity is partnering with EQONEX, Paysafe and Checkout.com.
Chi Won-yun, president of EQONEX, commented:
We are very pleased to be collaborating with Bifinity in a partnership that is likely to be transformative for both companies and the industry in general.
Bifinity shares our strong belief in helping connect the world of traditional finance with cryptocurrencies, as well as our conviction to operate in accordance with the highest standards of investor protection, regulatory oversight, security and governance.
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Through recent collaborations, Bifinity aims to make the payment processing infrastructure more efficient.
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