Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: mlawson71 on March 10, 2022, 04:26:07 PM
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Binance launched Bifinity, which is a a fiat-to-crypto payments solution. Bifinity is a separate payments tech company that aims to connect users and businesses across blockchain and cryptocurrency spaces.
According to Binance, Bifinity will provide cost-effective solutions using APIs (intermediary communications software) that will immensely facilitate transactions. At the moment Bifinity supports more than 50 digital currencies and Visa and Mastercard are being onboarded on the project. The company said it intends to partner with other big names in the cryptocurrency industry.
The President of Bifinity, Helen Hai, said that the constantly increasing demand of the crypto-based ecosystem pushes innovation, with increasing demands for “improved fiat-to-crypto on-ramps to bridge the gap between traditional finance and the decentralized and centralized crypto economy.”
Source (https://deposit-withdraw.com/binance-launches-payment-tech-company-bifinity/)
That seems like a pretty great project, let’s see what will come of it.
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For the remainder of the month, Binance has been under scrutiny by the regulatory authorities, the US Securities and Exchange Commission (SEC).