Binance Launches Payment Tech Company Bifinity

Bianance has moved to the next step in its global expansion by launching Bifinity, a fiat-to-crypto payments solution, Bifinity is its own payments tech company that strives to connect user and businesses across blockchain and crypto spaces.

Binance revealed that Bifinity will provide cost-effective solutions through the usage of APIs (intermediary communications software) that will greatly facilitate transactions.  Currently, over 50 digital currencies are supported by Bifinity, with major payment institution like VISA and MasterCard being onboarded on the project. The company has stated that it will be partnering with big names in the crypto industry.

Helen Hai, the President of Bifinity commented that the ever increasing demand of the crypto-based ecosystem pushes innovations across the board, with increasing demands for “improved fiat-to-crypto on-ramps to bridge the gap between traditional finance and the decentralized and centralized crypto economy.” According to the president, Bifinity will aid this adoption.

Meanwhile, the hype around the new Web 3.0 among the crypto community has radically increased in the last couple of months or so. Binance has expressed its keen interest int he development and introduction of the Web 3.0, believing that digital coins will be powering the new iteration of the world wide web. As a direct result of this interest, Bifinity will be partnering with Paysafe, Checkout.com, and EQONEX.