Binance Establishes Its Own Crypto-to-Fiat Payments Provider

Bifinity accepts more than 50 cryptocurrencies and a variety of popular payment methods, including Visa and Mastercard.

Binance, a cryptocurrency exchange, launched its own fiat-to-crypto payments service, Bifinity, to assist businesses in becoming “crypto-ready,” according to the company.

Bifinity, which was formed officially last year and became live on Monday, offers 50 cryptocurrencies and all major payment methods, including Visa and Mastercard. Binance announced the acquisition on Monday.

Merchants will be able to leverage Bifinity’s APIs to enable crypto transactions for their customers.

Bifinity’s initial clients include EQONEX (EQOS), a provider of financial services for digital assets, as well as payment platforms Checkout.com and Paysafe.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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