Binance has unveiled Bifinity as the cryptocurrency infrastructure provider’s official fiat-to-crypto payments provider.
According to Binance, Bifinity is a payments technology company that connects businesses, merchants and millions of users to the world of crypto and blockchain.
Merchants are able to use Bifinity’s APIs to get their company crypto-ready and start accepting crypto payments.
Bifinity supports over 50 cryptocurrencies globally, as well as all major payment methods and a buy to sell crypto service for consumers. API integration for merchants is seamless and there are low-cost payment process fees for merchants.
Bifinity will partner with Checkout.com and Paysafe to ‘expand crypto access globally and enable more users to buy and sell crypto. Bifinity also has future plans to integrate enhanced fraud detection and payment transacting.
The new payment provider will work alongside Paysafe to expand into Latin America, while it will integrate Paysafe’s card processing service in the UK and Europe over the next couple of months. In addition, Bifinity will soon launch NFT checkouts, which will allow users to buy NFTs across different platforms by linking their DEX wallets.
Bifinity president Helen Hai said, “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. At Binance, the vision is to increase the freedom of money globally. With the launch of Bifinity, we aim to accelerate mass crypto adoption.”
