Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has today announced the launch of Bifinity, a payments technology company and its official fiat-to-crypto payments provider.
With Bifinity, businesses will be able to adopt crypto and reach new audiences through simple, direct fiat-to-crypto transactions.
Additionally, Bifinity announced a strategic partnership with EQONEX Limited (NASDAQ: EQOS).
As the first publicly listed digital asset exchange in the U.S., EQONEX offers a broad range of regulatory-focused trading services, including a crypto exchange, investment solutions, exchange-traded products, and structured products, and Digivault, a high-security crypto and digital asset custody service regulated by the Financial Conduct Authority.
By the terms of the strategic partnership, Bifinity will advance EQONEX a US$36 million convertible loan, and they will collaborate to maximize the business synergies created by their new strategic collaboration and to explore opportunities for further cooperation and expansion.
Moreover, Bifinity announced it has partnered with Paysafe, a leading specialist payments platform, and Checkout.com, one of the largest global payment processors, to expand cryptocurrency access globally and allow users to safely purchase and sell crypto.
In the near future, users will be able to buy and sell more than 50+ cryptocurrencies with fiat through fast, simple, and secure on- and off-ramps.
“As the crypto and the Web3 economies continue to grow, we see greater demand to build improved fiat-to-crypto on- and off-ramps to bridge the gap between the traditional finance industry and the decentralized and centralized crypto economy. Binance’s vision is to increase the freedom of money globally and through the launch of Bifinity, and with these strategic partnerships with EQONEX, Paysafe and Checkout.com, we aim to accelerate mass crypto adoption,” said Helen Hai, President of Bifinity.