Leading crypto trading platform and development infrastructure provider Binance announced the launch of its fiat-to-crypto payments company, Bifinity.
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Bifinity supports more than 50 crypto assets and popular payment methods like VISA, Mastercard, and more.
Powered by Binance, Bifinity is a payment technology company that aims to facilitate fiat-to-crypto transactions for businesses, thus accelerating crypto adoption globally.
Via APIs, the company helps merchants to accept crypto payments. It also enhances user experience, offering simpler buy-sell crypto services and entry points.
President of Bifinity, Helen Hai said that while the crypto and Web3 sectors keep growing, there is a higher demand to build improved fiat-to-crypto on-ramps to fill the gap between the traditional finance industry and the decentralized and centralized crypto economy.
Bifinity partners with PaySafn and Checkout.com to expand the Web 3 economy and upgrade its payment processing infrastructure. Future plans include integrating fraud detection and payment transacting.