Binance announced the launch of a new payments company

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Bifinity, a payment provider, will provide an opportunity to work with crypto and fiat currencies

Binance announced the launch of a new payments company

08.03.2022 - 09:15

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What’s new? The largest cryptocurrency exchange, Binance, has launched a payments company Bifinity. Its main goal is to unite businesses, merchants, and consumers at the global level with the world of cryptocurrencies and blockchain technologies.

Source: Twitter.com

What else is known about the new company? Bifinity will operate as a payment provider for digital and fiat payments. The service supports more than 50 cryptocurrencies, as well as Mastercard and VISA cards. For merchants, there will be API integration and transaction processing with low fees. Binance also said on its blog that it has already partnered with Checkout.com, EQONEX, Safepal, and Zilliqa.

Binance had previously fully resumed bank transfers in euros and pounds for account holders in Europe. This comes eight months after the service was suspended under regulatory pressure.

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