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Binance Launches Payments Technology Company Bifinity

Bifinity is an official fiat-to-crypto payments provider for Binance and other blockchain networks, and aims to enable seamless API integration for both mainstream and crypto-centric merchants to scale their businesses. 

Bifinity will initially support over 50 cryptocurrencies and major payments providers, including Visa and Mastercard.

Binance Launches Bifinity

Binance is the world’s leading blockchain ecosystem and crypto infrastructure provider and launched Bifinity on March 7th.

Bifinity and Eqonex have also entered into a strategic partnership through which they will be able to provide a $36 million convertible loan. This strategic partnership will see both companies expand their line of products, including Eqonex’s cryptocurrency custody solution ‘Digivault‘.

However, this is not the only partnership which Bifinity has formed, as the payment solution has also made agreements with an array of cryptocurrency wallet providers and blockchain platforms such as ‘SafePal’ and ‘Zilliqa‘, alongside specialized payment platform ‘PaySafe‘, and global payments processor ‘Checkout.com‘.

On the Flipside

  • Cryptocurrencies have the potential to someday power the Web 3.0 economy, and growth can be expected in the competition within the global payment processing sector.

Why You Should Care

Cryptocurrencies are shaping up to become more mainstream going forward, enabling just about any merchant to accept them as a payment method through the utilization of solutions such as Bifinity, which, with the help of its partners, can upgrade the on-ramp payment processing infrastructure.

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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    Author

    Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.